I agree, announcing a new console that will not be ready for the holiday season is only hurting existing console sales further. Whatever sales the 3DS brings in this holiday season, Nintendo management has ensured the Wii loses. Nintendo management does not deserve Shigeru Miyamoto. No point in buying now, there will be an entry point next year depending on how the new console looks.
Question for the board: Does a strong E3 usually equate to a higher stock price? I think Nintendo has the potential to have a blockbuster presentation at E3 this year, with their new 3DS to promote and an all new console system to introduce (Project Cafe.) Wii sales are hurting the company bad, and I'm wondering how much of an impact a big E3 would have on reversing the current downtrend in PPS?
Last time Nintendo had lines waiting to try the new games, it did equate to a big run in the stock. Nintendo stock has a limited appeal to small investors though, so even if there is a big run, it will be temporary. Problems include 1) listed on pink sheets. 2) 7974 (Nintendo stock on the Osaka exchange) sold in lots of 100 or more (=800 shares of NTDOY). 3) Nintendo management is retarted. 4) The Yen is strong and most of Nintendo's sales are in US dollars.