UGH i just bit the biggest bullet ever. sold. this stock has tanked hard and it's still going. ntdoy imo won't show good numbers until next xmas. i could see this stock at 8 bucks just on sentiment alone
You do realize during the GCN days, arguable Nintendo's absolute darkest moments, they were still turning much much more profits than either of their competitors? You also realize that for the majority of that generation Nintendo was ~20 dollar stock price, before falling to 9ish, for a gradual rise towards 15ish, then the Wii took off and their price sky rocketed?
The stock price might drop a bit lower but saying it's going to drop to 8 dollars and that we should bale out is plain silly. I got in at 14, then again at 12, and you don't see me panicking that the stock is at 11.75. Why? Because I know eventually it's gonna go back up. Why would you ever sell at loss? Are you one of those that buy high and sell low because you're scared or have no patience?
Seriously, coming off the second most successful launch in console history and everyone is over-exaggerating and over reacting to high-heaven. I hate to see how you manage the rest of your portfolio. Sheesh.
i know it sounds crazy but the gaming landscape has changed drastically as has the economic landscape world wide. nintendo may have ahd a succesful launch but they are losing $ on every system. i see nintendo's sales being dragged down for the better part of this year. so you have to ask yourself, where is the catalyst that says this stock is oversold and deserves to climb back to 14.00???? i rarely buy high and sell low. i got in just before ntdoy shot up to 17++. a near 10% gain for me in about a week. i am still kicking myself for not taking that gain. i have already moved ntdoy $ to, of all things, znga. expecting a pop in the morning which will most likely get me back to even. if not there are many other stocks to take chances on. to me ntdoy is dead money for now.
Seriously, enough with the living in LALA Land BS. How can you say it bottomed? What proof do you have? You've been saying it's bottomed for weeks now, all the while it keeps going lower. I think you have yourself fooled, because there's no reason it can't hit the $10 area as we wait for more games to come out for the Wii U, and watch the Wii U's gather dust on store shelves since Nintendo failed to properly market their new console at the most important holiday season of the year.
It would be nice to see people be more realistic about the stock rather then have the pump or dump agenda I see on this forum. I own 3000 shares of Nintendo and am down 25%, so it's not like I want them to fail, but lets be realistic here and not just spew candy and lollipop dreams while the stock keeps dropping lower and lower.
Iwata himself basically said they won't see any profit for months, so while long term I'm still betting on Nintendo and hoping I can at least get some of my money back, short term there's little reason for anyone to invest and buy shares in this company IMO. If there aren't going to be any serious changes to the way things are going for the next 6-12 months, the best we can hope for is that the stock hangs around this price point and doesn't keep dropping on a daily basis.
I can't blame gamedude369 for selling his shares at a loss since the near future looks grim.