nadam23 said:
BTW I have put in $24,000 over the course of the last year ranging from 12.44 to 18.81 and everything in-between. Today's jump was very nice. I'm only around $500 in the hole now. I really wish I would have waited until it hit rock bottom at around $12/share and bought everything then, but at the time I thought $18 was rock bottom. Oh well, I still am confident I can make a good $5,000 to $10,000 return by summer 2014 sometime. The price would only have to get to around $19/share for my investment to reach $30,000. That would be a $6,000 profit. I would be happy with that over the course of 2 years. It would allow me to pay off my house. I'm silently hoping it will get up to around $25/share by then. I think it can get there once Mario, Mario Kart, and who knows what other heavy hitters come out for the WiiU later this year. Plus Nintendo's profit margin's on each system sold will only get better from here on out and the weak yen is looking great. I think even with a small price drop this holiday season on the Wii U and 3DS Nintendo will still be getting a good profit on the 3DS, and they will start making money on each WiiU sold around that time or maybe early 2014. Plus new Pokemon and Monster Hunter 4 = huge sales for 3DS hardware and software. Anyone else think it can get to the mid 20's by the middle of next year? |
I would expect at least $24 by Christmas this year. It is quite possible that Nintendo's products could have a massive 2013, and with the weak yen they should be making money on every piece of hardware. Billion dollar profits are quite possible.
