That's what I'm betting on, otherwise I'm screwed. Problem is it's dropped so much and might continue to drop until then, that the "bump" would have to be over 20% to even come close to breaking even for me. Why the hell does it keep dropping is really beyond me. There's no reason this stock should keep getting punished like this, yet these MASSIVE daily drops just keep coming.
If it's any consolation, there has to be a bottom somewhere. And if it goes low enough, they will eventually become a ripe candidate for a buyout. Nintendo has way too much brand awareness and timeless franchises to be left to flounder in the single digits. Somebody somewhere would have to see it as a deal that's too good to pass up.
Yeah that's what scares me, what is the bottom? Between Iwata saying the other day "sales are not bad/its selling steadily" which I take as "we are breaking even", and then this gem I stumbled on today:
In a story about Nintendo of America President Reggie Fils-Aime, Fils-Aime incorrectly said that Nintendo makes a profit on the Wii U console after consumers buy one piece of software. The number is more than one, but the company declined to say the exact number.
It makes me wonder if the financial report will actually raise the stock price or drop it further down. Seems there's a lot of B.S. coming out of Nintendo lately, and I still don't understand why they haven't bothered to market the Wii U properly. There's no commercials for the console almost anywhere, especially bad because the holidays just passed and the general public doesn't even know the Wii U exists. It's absurd.