Vinniegambini on 31 August 2013
Sold when Nintendo stock hit 17.50$ :) So glad. I will be looking in adding a position soon though. The bearish cycle should continue next week with all the talk about Syria, economy and so forth. I'll be looking to add a position in the low 13$ range or 12$. Hopefully Monster Hunter + Pokemon + 2DS will be a catalyst for Nintendo. However, I find it odd that no statement have been released on their investors relations website in regards to the profitability of the 2DS? I mean is it sold at a loss or profit? Furthermore, Nintendo did not change its forecasts as well since the announcement. Will the price-cut affect its profitability if so by how much? So many unanswered questions. No wonder the stock plummeted by 6%.
