| riderz13371 said: Does anyone know if an announcement of the PS4 will cause the stock to rise? I don't know much about the stock market, any experts out there? |
RIM (blackberry people) had their blackberry 10 unveiling this week and their stock was around $16, the announcement turned out to be a lackluster, and they plummeted. They closed that day at around $12, 25% drop. So yes an announcement can cause a significant reaction to the stock.
Sony needs to impress two groups, us the consumers and the investors. They need to show investors that they can make a product that will sell like crazy and make them some money. Investors want to see DEMAND, if they do, they will buy the stock and price will go up. That simple.
The Ps4 and xperia Z have a lot of potential right now, so Sony could find itself at the right place at the right time. We have a bull market right now, the Dow closed 14,000 yesterday; the all time high is at 14,164 since 2007. A lot of money is coming into equity, and if Sony manages to not fuck up, then they will be ok, and come back in a big way.
I think they report earning this Thursday, someone correct if I am wrong. The US dollar to yen is almost at 93, which will help Sony earning big time.
The planets are aligning :P
