Well, I'm still waiting to move my money where it needs to get so it can be converted into yen and then buy back into the shares.  It'll be a few more days yet before I can do that.  I hope the stock will decline for my sake but now I wonder if I should wait to buy back in because it seems like Sony will announce a price cut on October 12th!  I'll probably buy back in when I'm first able to but I worry that the Sony announcement will create that dip I was looking for....

I'm one of the most bullish on Nintendo, and even I'm surprised how this has risen. I'm praying hard for a breather so I can get back in. If it doesn't happen in the next two weeks, it won't happen. Oct 25 is earnings and we'll probably see another rally.

How greedy I've become! Making $30k is not enough. MORE MORE MORE

I can't win. First my friends mocked me for putting 2 grand into the stock "Dude, it already rose to $55, your too late!"

And now they mock me for ONLY putting 2 grand into it "ha ha, too bad you didn't put in everything you had"

Good times.

Funny how you guys wanted Nintendo to do bad, LOL.

Well it is 67.76 as I type this....and I still hold all the shares!! Told you guys it is going to hit 500 in 5years!!



Okay, Okay, for those who sold Nintendo at 65, The "Anonymous Group for people who sold Nintendo in 2007" is looking for members.

In case you were wondering why this is going up. 

http://www.reuters.com/article/companyNewsAndPR/idUST16817320071003

Nintendo shares hit record high on GS "buy" rating

TOKYO (Reuters) - Shares in Nintendo Co Ltd (7974.OS: Quote, Profile, Research) hit a record high on Wednesday after Goldman Sachs initiated coverage of the maker of the Wii game console with a "buy" rating, while speculation the firm could raise its earnings forecast again gave it an extra boost.

Shares in Nintendo rose as high as 64,800 yen, an all-time high, before closing up 2.7 percent at 64,300 yen.

Goldman Sachs' target price for Nintendo is 71,000 yen, a 10 percent premium to the closing price.

"We believe Nintendo's talent in creating new markets, evident from the launch of the DS and Wii, could bring it close to the level of Apple, whose high valuations are due in large part to its innovative business model," Goldman said in a report.

Nintendo, Japan's third-most valuable company after Toyota Motor Corp (7203.T: Quote, Profile, Research) and Mitsubishi UFJ Financial Group (8306.T: Quote, Profile, Research), has been benefiting from white-hot demand for the Wii and DS handheld player, overwhelming sales of Sony Corp's (6758.T: Quote, Profile, Research) rival PlayStation 3 and PlayStation Portable.

Apple Inc (AAPL.O: Quote, Profile, Research) took the top spot in the global portable music player market away from Sony with its iPod, while Nintendo has unseated the Japanese electronics maker as the video game market leader.

Nintendo shares were also boosted by investor speculation that the Kyoto-based company may raise its earnings forecasts soon thanks to strong sales of its game hardware as well as software titles.

Nintendo raised its annual earnings forecast on October 3 last year for the second time in the business year.

For the business year to March 2008, it has already raised its forecast once.

Boosting its initial forecasts, Nintendo said in July that it expected its operating profit to come to 370 billion yen for the year to March, which is still short of a consensus of 415 billion yen in a poll of 18 analysts.

GS,just like other stock analysts, do not know much about video game. They do the forecast just as part of their job for their clients. They analyze it just as if there were analyzing other industry. They look at quantitative data, make some graphs, talk to some Nintendo people and make a decision. Most people in this Forum were able to forecast wii sales with certain degree of accuracy even 6 months ago!

That's why we were able to make money because we following wii news, we track everything about wii, religiously.

GS should consider hiring people in this Forum if they want to know more about Wii. We'll teach them.

That is actually really funny, yet true skywalker. I called a friend that I know does a lot of investing and gave him advice about NTDOY when it was about $35 this spring. He checked some numbers and said some mumbo jumbo like "the indexes don't show that much promise, it already grew higher than it should"

I told him, "dude, trust me on this. If I know one company, it's Nintendo; and trust me, you want in before '08"

He didn't go in, I like to bring that up to him every so often. xD

I have the same story about telling an "investor" co-worker about Nintendo, and he said it is already overpriced back in November of 2006. Made me realize I should change jobs. If the GS rating means that Wall Street has discovered the Wii, and realized the the PS3 is the PoS3, then the stock could command a much higher P/E. The leading P/E is only 20 or 22, depending on which number you use, so there is room to move up anyways. This holiday season we get a taste of what earnings for the next two years will be like. Here is a good link: http://www.informationarbitrage.com/2007/10/gs-nintendo-cou.html

I doubled down when there was a small dip to $62. I think I've given up on trying to sell off at high points and buy back in at low points, it usually ends up I would be buying back in at a higher price anyway for waiting too long/not long enough.