I doubt it will go anyone lower, the only thing that might bring this down a little more would be a significant rise in YEN, but then since pink sheet stock is in USD currency we are already hedged against any drop in YEN which translates into increasing the value of pink sheet stock. Nevertheless, I think YEN will no longer drop as the US dollar has bottomed.
I believe the stock will hover at these levels until the launch of the 3DS. Then by mid-next year, we should see this at least at 50$ range.
Hi Manic, You really think the dollar has bottomed? That would be great news for Nintendo. Why do you think the dollar has bottomed though? The Fed is strapped and worried about deflation and there is only $300B worth of gold in Ft. Knox. Do you mind sharing your reasoning on why the dollar has finally bottomed? Thanks.