Sony slumps most in 4 years overnight in Japan. Down 11%.

[BlkPaladin]

kowenicki said:

Kasz216 said:

kowenicki said:

Kasz216 said:
Huh I'm shocked. Thought for sure the market consensus was that Sony was in an awful position and doing awful.

I guess Panasonic and Sharp raised expectations last minute?

The consensus was for a net profit.  I bought my shares late last year based on that and luckily they shot up, so no harm done if I sell today. 

Fair enough, guess i haven't been paying much attention since i saw a bunch of analysts just really take a negative outlook a month or two ago.  I'm really only a long term multiple year investor so i more or less have written off the entire Japanese Electronics market.

Surprised you wouldn't just wait till the 20th though hoping for a minor bump.  Though i suppose there is nothing preventing it from going lower.

I've made around 40%. That's enough, you have to know when to take profit and not be greedy. 

Just because they are announcing something doesn't mean it will be greeted by investors with open arms. Actually it could go either way. And as the article in the OP sounded that even though they are expecting the PS4 to be announced on the 20th, they will not invest in the company as a group until they see how the company performs after the items are on the market.