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Forums - Nintendo - Nintendo Stock still on the Rise! And why this is happening?down yet again. That news will not bring it back up Iwata!

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Unfortunately it's likely that none of those play a factor in the rise of the stock. It was probably undervalued after it's drop so now people are buying it again.

These days the stock market is so strongly influenced by algorythm traders that you have weird coincidences that when Anne Hathaway is in the news stock in Berkshire Hathaway increase because so many algorythms just look at google trends....



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I reckon that this announcement is doing a lot to the stock. I'm hoping that the announcement will be decent, so that the stock doesn't take a sharp drop again afterwards



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silicon said:

These days the stock market is so strongly influenced by algorythm traders that you have weird coincidences that when Anne Hathaway is in the news stock in Berkshire Hathaway increase because so many algorythms just look at google trends....

LOL

*Facepalm*



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I think part of it is it wasn't just going to keep going down, it had to come up a little eventually. Nintendo will have to have a longer shitty period than this to destroy the company.



A couple of years ago in an interview I saw, an economist was asked about brokers and why the stock markets acts the way it does, and his answer was that brokers are a bunch of psychopath and that no one mentally safe could understand what happens there.

And now remember that shareholder of Nintendo because of their name (here).

In resume, DON'T TRY TO FIND LOGIC HERE!



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-42.1% since the beginning of the year
-24.5% since the wii U announcement
-4.1% since last quarter's 3DS shipment numbers

a good week isn't coming anywhere near to countering their recent misfortunes.



Stocks usually rebound somewhat after taking a dip.



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long story short Nintendo never dies even when there doing bad. Nintendo is the king that never dies.

3ds will destroy all comers this holiday season keeping Nintendo's 7th gen record intact with an 8th gen handheld.



silicon said:
Unfortunately it's likely that none of those play a factor in the rise of the stock. It was probably undervalued after it's drop so now people are buying it again.


That and this was the first time asian markets were open after the Ben Bernake Speech.  Sony was up 2.8% too.

The only reason Japanese stocks didn't rise higher is that their new Prime Minister prefers tax increases to spending cuts.


As for Berkshire Hathaway, that just goes up whenever Warren Buffet speaks.  He's reached a cult status to where he can't fail because the market breaks it's neck to follow suit.

Like in Bank of America's case.  After eveyrone found out Buffet bought it, the stock surged and he made a ton.

I can only imagine what will happen on the sad day warren buffet has to step down.



My guess is that hype among investors is building regarding the Sept. 13th announcement, as well as the obvious results of the 3DS price-drop



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