What you say is true, XtraZero. It would have been safer to short a mix of gaming stocks, and then go long Nintendo. Fidelity is starting a '130' fund, which will hedge 30% of its long positions with short positions to dampen out market swings. Nintendo is a sound company, so eventually this extended downtrend will break.

7974 dropped more than 9 % today...Is that even technically possible? Don't they have some kind of limitation on how much a stock can go up and down in one day?

Does anyone know what was the reason to cause such a huge drop? This can't be just speculation. Some thing must happened...

10% i think is the max. that's why it's "more than 9%"...

EDIT: sure it can be "speculation", or rather, "market forces".  it's a bad day for exporters in japan in general, and nintendo bears the brunt of it. 

My guess is that Japanese traders are getting their asses handed to them. Nintendo is one of the only things in the portfolio left that shows a profit. The only way they can save face is to sell their only profitable security, otherwise they would only have a massive loss to show. So the choice is sell Nintendo or be deep in the hole.

It sucks for all of us longs though. It seems crazy to sell at less than a 20 for PE and Nintendo has crossed that threshold. Their forward PE is less than Konami and equal to Capcom now.

This price fall is great for me, I'm about to buy some Nintendo stock.

56 baby! time to buy soon

Volume was up, so maybe there were a lot of investors holidng Nintendo on margin and the shorts were able to force them to close out their position?
Nintendo does not issue PR to protect investors. They just act like the world is not crazy, cover the basics, and say 'Have fun!' I didn't even notice any mention of their stock buy back program, but if I recall correctly, the board authorized them to buy back 250B Y worth of shares in 2002, of which only 150B Y has been spent.

Well it's days like today that remind me that conservative estimates are probably good in the long run. Tonight is just the beginning for Sony. I have a feeling they are setting themselves up for a big fall for the fiscal year.

The economy is going to hurt them more than Nintendo, as they sell a lot of big ticket items. Eventually you run out of ways to hide your losses. You can't keep selling off assets forever.

HAHAHAHAHHA!!!! Not even beyond shitty market conditions can stop the power of Smash Brothers!! Mwahahahhahah! :]

What the 'ELL!