The 12%+ drop in PPS on $200 M lower forecast for the year was simply irrational. Everyone knew they would have a slow quarter before the PS4 introduction and everything else that will follow. The investors who wanted to swap shares at certain ranges are probably done (just look at the volume and patterns these last two days: sudden drop then steady accumulation) and SNE is moving back to where it should be based on the "negative" outlook.
Because ps4 drops in two weeks and they are going to make a ton of money this holiday season. Check prices around previous consoles initial release dates and see I'm right. Also any one who is saying console gaming is on the decline which ive being seeing alot lately is a fool. GTA 5 anybody?