actually i do understand what nintendo is worth but that doesn't mean the market does. i know overall that this company is great and that this is just its first blip in a very long and successful history, but i also know the silly perceptions surrounding the company.
reveals of amazing software and partnerships can make this stock go down where something as the illogical idea of nintendo putting their IPs on mobile to cannabilize their hardware sales make the stock go up.
i didn't feel like stomaching the ride and took off when i said i would. had i stayed i'd have been a little positive instead of ~600 down but i already made thousands back from purchasing another stock this last week
on this stock, right now? no. i've actually changed my mind entirely - i don't want to ride this one at all. whether it's up or down tomorrow i'm walking away. i'll take the couple hundred dollar hit and leave.
i shorted at 15.60... right before all the positive news about the US dollar, shooting the price up to19 over a couple weeks.
the downward spiral was expected, and this is a bad situation for nintendo, but let's not go crazy with the random bashing. nintendo has tons of cash reserves and even though the Wii U is doing terribly, nintendo #$%$ company is not going anywhere for a long while
personally im gonna stay short until this goes to 13-11. no matter how the situation is, whenever there's positive news about the US dollar this stock shoots right back up, if only for a while