VGStockz: Nintendo FY end report on May 7th

[theprof00]

savisn said:

Nintendo's (Japanese exchange) stock is up 12% over the past two days. I don't know if positive vibes on Pikmin 3 doing well are driving this or something else. The Nikkei isn't up that much and Sony is flat over the past 5 days. Any ideas?

I'm a little surprised as quarterly profits come out in about 2 weeks and it's hard to imagine they will be pretty since Wii U is still hurting and while 3DS is doing well it's hard to tell if it's on track for 18 million as forecasted.

Trying to decide if I hold or take profits and re-enter at a drop - probably wait to see how strong Pikmin holds and drives consoles in Japan

Yeah I noticed that too, it was coming off of the rumours that nintendo was going to start developing for ios. I'd say wait. Should have a dip soon.