Complete nonsense. Sony's turn-around strategy depends on a successful roll-out of PS4 echo system and we will see exactly how that goes in only 2 weeks which by all indications should put a nice squeeze on those 5 million+ shorts. There should be plenty of signs of growth over the holiday season which should propel the stock up where it belongs. Anything less than $20 billion valuation for Sony is an insult.
I tend to agree. I feel that there is enough demand for PS4 in US alone to meet their March sales targets by December. PS4 will introduce many new customers into their network which should result in more game and music sales. This will also create a buzz to help the Sony TV and smart phone sales, especially if it they come up with some kind of "Sony family" campaign and incentives. Assuming all other things remain the same, Sony should have a really strong quarter followed by a positive "surprise" in January.
I did not expect Sony to post a loss and lower their guidance for the year but I feel that markets overreacted and I still think that $28 PPS is quite possible in a near term.
This drop was a gift to longs. Just look at the chart. Nikkei price hardly moved after the announcement while NYSE dropped like rock then gradually climbed all day on relatively high volume. SNE should be 18 tomorrow and fully recovered in a week or two.
Don't count on it. The SNE 12% drop on a few million shares was irrational and it will likely reverse in the next few days. The company has too much going for it this holiday season and it will easily reach $25-30 PPS next year, imho.
Generally agreed, but last quarter revenue is only a part of a larger picture. Investors will be looking for any signs of weakness and chances are they will find some. Investing in growth companies is all about the future.