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Hedra42 on 15 January 2015
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kowenicki said:
Hedra42 said:
kowenicki said:

Not sure why people are bringing the nikkei into this... 

1yr: Nikkei up 6.66%.  Ninty down 30.57%

and yes Ninty is at a 11 year low.


It isn't - it was lower in Feb 2013.

Most Japanese stocks were down over the past 2 days for reasons already linked to. Nintendo (as the graphs indicate) is low, but has been levelling out after the huge drop in 2011. It certainly doesn't look like it's in freefall - it's already trading higher on the Tokyo exchange as I type this. Yesterday's drop is really nothing in the grand scheme of things.

If it were 10% drop or more and stayed there, or kept dropping fast without any obvious outside factors contributing - then it would be thread-worthy.

Sorry, you're right it was.

Doesn't alter the fact that the Ninty stock is performing far worse than the index in the last 12 months and simply saying "well, yeah, the marklet was down too" is glossing over the situation somewhat.

down 30% in a year when the index is up 6% isn't "really nothing"

This thread is about a drop of 4.3% in one day, which happened to nudge Nintendo's stock price to a 52 week low. (Just). It was then established in this thread that the cause of the drop during that day was less about Nintendo, and more about the market conditions at the time - falling oil prices, climbing yen, Japanese bank announcing slowing of inflation, etc. which affected many Japanese stocks, which in turn affected the index. Nintendo dropped by a couple of percent more than the index, but it rallied at a greater rate than the index overnight. So I stand by my statement that yesterday's drop is really nothing in the grand scheme of things, and not worth posting a thread about.

You are talking about something completely different - a snapshot over the course of a year comparing Nintendo with the Nikkei 225, a price-weighted index comprised of Japan's top 225 blue-chip companies on the Tokyo Stock Exchange. You've chosen to show a 12 month comparison to highlight a divergence between the two - a period during which, because of its length, additional factors would have been at play. Where did I say, anywhere, that the market conditions were responsible for Nintendo's performance versus an index of blue chip companies in the last 12 months? I am not glossing over anything.

You are quick to post a long-term graph to try and illustrate what you erroneously believed to be an 11 year low, but you didn't post a graph showing the price fluctuations of the index for the same period, nor did you post a 10 year comparison between the two (which I would do if I knew how to embed graphs). If you had, we would have seen a different story unfolding over the past decade. Currently, however, the index has almost reached peak levels not seen since 2007. Nintendo, on the other hand, has returned to its  pre-Wii levels of 2005.

But this is off topic - overnight increases have shown the OP to be little more than sensationalism at this point.