Seriously, what's wrong with this stock?
It has it's positive days where it rises incrementally 0.2% here and there, then tanks 2-3% on any given day after. This death spiral is killing investors and not a word from Nintendo on damage control to keep this stock from falling further. Was there ever a "plan B" if the Wii U didn't do too well? I'd like some answers, and considering the next financial report isn't due until January 21st, how much lower will shares fall before that day comes. Then the question remains, if the report is negative, how much more can shares possibly drop? and if it's positive, will it come even close to recovering the 20%+ it's sunk over the last couple of weeks? I doubt it.
What really makes this all confusing is that the 3DS is actually selling really well for Nintendo, and the Wii U is doing ok. It's not doing as well as the Wii did, but it's not like people aren't buying it. Yet the stock keeps dropping like a rock. The only reasoning behind this that I have heard is lack of developer support to make games for the Wii U, lower Wii U sales then the Wii, Japan's economy is bad and their currency is losing its value, tablets are taking sales away from consoles/games, and the whole fiscal cliff ordeal.
Is there something else I'm missing here? What do people think the share price will be going into the earnings report and afterwards?