Man. Everything is eating it today.
I sold 75% of my shares on Thursday. I'm not getting back in until the dollar strengthens or the yen weakens.
Mmmmm stability. At least, the most stability we've had in the past 5 months...
| skywalker2007 said: wow it hurts today......down 6Points. |
remember:
What comes up must go down.
Yeah, compared to Sony and the rest of the Japanese market, Nintendo has recovered quite nicely.
From what I can see, Nintendo should have had a great year. Nintendo has held the 3-to-1 'lead' vs. the PS3 in Japan, and THQI and Hudson are pointing at the Wii for profits. Gamepro has an article that the Wii sold 28M WW in 2008, which is hard to believe. Game sales must have exceeded expecations by a fat margin too. If Sony and softie have to admit defeat or juggle their product (like add motion control) then Nintendo could hold the lead for years.
Another sign the Nintendo has done great is all the weak hands that sold during the slump. The stock market is called "The Great Humiliator" for a reason.
The urge to play is a terrible thing to waste.
Nintendo definitely got oversold. There is no way this company deserves a forward PE in the low teens. Not when you have 80%+ growth in profits.
Down big on the TSE tonight, even after a good day on the pinksheets. The strong yen is hurting the stock's earnings forcast I guess.
The urge to play is a terrible thing to waste.
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