The shares may have sold off because the Xbox and Wii are almost the same price now. I don't think it is a problem for Nintendo, but just looking at the specs may have convinced some *fund manager* that Nintendo will have to slash prices to fight off MSFT.
Slower growth in DS? Guidance was not good enough? Shorts?
This is kind of like Gamestop in the shorts rule! What I mean is that any pop or uptick is the shorts getting squeezed. Once we get that pop, more shorts or the ones that had already covered their positions come back in. You can buy here and sell somewhere between $68 and $72.