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Forums - Gaming - False alarm: Nintendo stock DIDN'T drop after TGS conference

http://www.destructoid.com/false-alarm-nintendo-stock-didn-t-drop-after-conference-211336.phtml

From article:

"Several hours ago, we told you that Nintendo's pre-Tokyo Game Show conference, in which the Big N revealed a handful of upcoming 3DS titles, caused such unrest amongst shareholders that the company's stock dropped by 5% as a result. As it turns out, that... wasn't entirely true.

On page 20 ofthis Nintendo stock drop thread on NeoGAF, several posters noticed that Nintendo's stock actually fellpriorto the conference. Now, I will be up front with the fact that I can't read stock charts for beans, and I'm only going by what these more financially savvy cats are saying. Nonetheless, if what they say is true, the stock drop was just your typical market fluctuation, completely unrelated to the conference. In fact, stock quickly returned to pre-drop levels, so this has been a whole lot of worry over nothing.

I'm quite surprised that the folks at Reuters didn't catch their mistake right away, what with finance being theirjoband all. I guess the thrill of posting a "Nintendo is doomed" article was too enticing to allow them to think straight. Still, that doesn't erase the shareholders' sentiment that Nintendo had a poor showing, although I doubt anything save an announcement of a trueMarioorPokémongame on iPhone would have satisfied them. For what it's worth, I am looking forward to a number of games that were on display, like the oddly namedBravely Default. Doesn't that sound like a fairy who has missed a loan payment yet is unafraid of the consequences?"

 

I think he's refering to this from neogaf:

"Is this thread still going? Why aren't Reuters and Gamasutra banned yet:

Reminder: Conference began 12:00"

 

I don't really no much about the stock market so I don't really know if this is correct. But I have noticed gaming sites on the interwebs correcting their stories on the stock dip. Saying it was due to normal fluctuations in the market.

Is this true?



My 3ds friendcode: 5413-0232-9676 (G-cyber)



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People are drawn to negative news. We all love some Nintendo dooming, since 1980's.



lol yeah a small bad thing like an employee braking his tao gets blown out of proportion! OMG Nitendo is do0m3d!!



    R.I.P Mr Iwata :'(

Bad nintendo news are the best news.



3DS Friend Code:   4596-9822-6909

Personally, I hope Nintendo stock keeps falling. I want to be able to afford to buy a bunch of stock just before all these games and the WiiU come out and their stocks skyrocket.



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Got any economists around here?



My 3ds friendcode: 5413-0232-9676 (G-cyber)



People seem to flock around 'Nintendo is d0med' or related articles, I have come to not expect any better of them now.




just wait till Monday stock should drop then many people were disappointed
with their TGS presentation...



I was going to say, a drop after Monster Hunter 4 was announced for 3DS? That would have been absurd, that game alone pretty much ensures the 3DS will be successful in Japan.



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My 3ds friendcode: 5413-0232-9676 (G-cyber)