Incubi said:
Nintendo stock is at an all time low. Now is the time to buy if you believe the WiiU and 3DS alongside software goes to the stratosphere some time in the near future, that is. |
"Investors had hoped the maker of video game consoles would win membership in Japan’s benchmark stock index, following the merger of the Osaka exchange (where Nintendo had been traded) with the larger Tokyo exchange. Nikkei Inc., keeper of the Nikkei 225, dashed those hopes Friday by announcing that Nintendo hadn’t made the cut. “This expectation has come to nothing,” wrote Takao Suzuki, an analyst at BNP Paribas. “This appears to be the right time to sell.”
You are right because all the dumb ass analyst are saying sell right now. So basically they are jumping ship before the holiday season where Nintendo can reverse the Wii U and keep the 3DS going strong. Now is the time to buy especially after the big drop when they didn't make the Nikkei. If Osaka exchange merged with Nikkei and Nintendo didn't make the cut then what stock exchange is Nintendo on now in Japan? Are they on the Nikkei but not included in the Nikkei 225? Kind of like the Dow Jones and SNP 500?
