Dunban67 said: the stock dropped over 3% in 1 day after the Nintenod direct - that is aa prety big drop for what is essentially a sales and marketing event, no numbers, partnerships etc announced,
not sure why you would use a 6 month chart to represent a 1 day quote- kind of disingenuous IMO - use a week or even a month for context but 6 months is like you are trying to minimize the truth- Considering the event, which is a time for the compnay to look its best and be a week of cheerleading, a 3% drop is going to get attention of investors |
I also linked to a chart showing three months. Isolating E3 week would be disingenuous as well. I showed the larger picture to put this small drop into appropriate perspective. Nintendo's stock has been slowly but steadily dropping all month, the dip on the 17th is not an outlier. From June 1 through June 9 their stock dropped over 5%.
The point is that this shaky month, E3 and all, is barely noticeable when looking at the past 6 months. In spite of whatever happened last week, they are up a staggering 60%+ year-to-date. Certainly that's because of the mid-March mobile bombshell, which is why I also included the 3-month chart. It shows that, even without that massive boost in the picture, their stock has been growing steadily since April. It's up over 13% since the start of that month, and not only did their little stumble after E3 not come anywhere near erasing these gains, that damage was undone within just a few trading days. They're already back up to the highest they've been since June 4. It all hardly matters because they're essentially flat since May 28, regardless of how choppy June was.
Hey, they might bring it up. I'm just saying your choice of words was a touch sensational. At a glance it looks like they've had larger single-day drops than that in the past few months, so I don't see anything unusual there. Stocks take two steps up and one step down. It's normal. I mean, if this 3% one-day drop can be called a plummet, we should call their almost 4% one-day bump a couple days ago a skyrocket. They should talk about that at the investor's meeting instead.
Man, reminds me of the old COMG points guide.