| theprof00 said: 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. |
I expect a dip post earnings although I hadn't really thought about ios speculation. I thought maybe China allowing consoles and 3DS recent performance had something to do with it - probably a combination of everything really.
I'm actually in now and trying to decide if the dip will be large enough to exit and re-enter. After thinking about it I think it will fall at leat 5% maybe 10% post earnings, but probably not as much as I'd need to make the difference in long vs. short term capital gains taxes. Since I think 3DS will continue to do well and Wii U will do at least ok once Mario, Kart, Smash hits I think the stock will go up another 10% or more from its peak eventually so trying to time a drop considering short term capital gains taxes probably doesn't make sense. Guess I'll ride it out and hope Nintendo rights the ship with Wii U as I think doom is currently priced into the stock and even GameCube or N64 performance would shoot the stock up significantly.
