Nintendo Slumps After Stock Excluded From Nikkei 225

[Train wreck]

noname2200 said:

Train wreck said:

Im sure the stocks decline, against a backdrop of a ~3% rise in the overall market in Japan has a little bit more than just people going in an out of positions from an event that did not materialize.

Go on, I'm listening.

News surfaced just last monday of the possibility of Nintendo joining the N225 during its annual review, and shares went up ~3.9% that day but the stock was hovering well above Y11,000 (~Y11,300 but trending downward, especially since the new conference almost two weeks ago)

http://nintendoenthusiast.com/news/nintendo-shares-rise-expectations-joining-nikkei-225/

The selling today to bring it ~4% below the average it was trading before the rumors even hit tell me there more to the selling that just investors who had a position and left it.