This stock looks HORRIBLE technically and EVERY macro trend is against it.
NOBODY IS BUYING or it would be going up not down.
Nintendo's ammo is EMPTY after Wii Fit, which isn't going to affect the stock anyway. Just look at all the BS people here were spouting about Super Smash Bros. and Mario Kart, and the stock did NOTHING in response.
I agree with you that the chart looks bad. It is a mystery to me why it does, since Nintendo is doing great. Earnings are way up, the dividend is way up, and the shares are down. The Reuters shows the sales for 2010 will be down, but does not give any justificaiton.
I agree board idiot Ellen. . . beating the S&P by 30% over 3 months, 60% over 1 year and 250% over 2 years sucks.
Can you point me to some other technically broken stocks that will behave this way?
"The Reuters shows the sales for 2010 will be down, but does not give any justificaiton. "
Because it's 2010. . .damn your stupid. NTDOY can't even get inventory correct for a 6 month supply. Management won't give accurate earnings estimates for the next quarter. Do you think they are seriously concerned about 2 years out at the moment?
"I agree with you that the chart looks bad. It is a mystery to me why it does, since Nintendo is doing great."