Train wreck on 09 July 2018
Nintendo started to really slide (two -5% days in the span of 10 days) late May as it was becoming evident that sales for Q1 will be challenging (due to lack of a new game catalyst, Labo flop, 3DS contributing less to revenue). Either Nintendo conveyed that to some analysts/shareholders or they came to that conclusion due to channel checks they do.
People keep throwing out Smash and Pokemon, to me, those games were already priced into the stock, hence its high valuation. Its all about execution at this point. If there is any whiff of type of miscue then people will sell and ask questions later.
