I bought at 34 before the Wii was a "confirmed" hit and sold it for a double.
It's absurd that it's trading at these levels but I still think people feel the Wii is a "fad" even though it's the fastest selling console in history and will easily become the best selling console in history.
The recent news about sales slowing in Japan hasn't helped and has led people to speculate that we'll see a sales slowdown elsewhere in the world. I doubt that. For every kid that has a Wii, there are ten kids that don't have one and want one.
I agree that the stock will move lower from here, probably thru September, but if Nintendo brings out appealing new Wii features the stock will start to climb again. I bought an airmouse for the HTPC and it is a big improvement over a remote. I bet if Netflix were availible over the Wii and used the Wiimote as a controller it would ba a huge hit. Also Hulu. The Wiii has lots of potential and Nintendo may be quick anough to catch some of it. Nintendo is smart to bundle HW with software. It is the only way to counter pirates.