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  1. #1
    Let There Be Rock vashivihan's Avatar
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    Nintendo shares slide 10 percent

    The stock market doesn't always follow conventional wisdom. Last Thursday, Nintendo reported its sales figures for the last nine months of 2007, revealing that it had doubled its revenues and profits over the same period the year before. While there was an initial spike in the publisher's share price after the news, that gain has since been lost and then some, with the stock dropping nearly 10 percent of its value during Monday's trading. Nintendo shares closed the day at 46,800 ($438), down from its previous close of 51,800 ($485). The company's stock is down 36 percent from its 52-week high of 73,200 ($685), which it hit in October.

    A Reuters report offered a number of possible explanations for the drop. Given that so much of the Japanese company's business comes from foreign markets, the report said analysts are concerned a stronger yen could hurt its earnings. The report also mentions that some large investors sold off significant amounts of Nintendo stock, cashing out on the large gains the company has made over the previous years.

    "This has little to do with the company itself, but a lot to do with market sentiment," Mizuho Asset Management fund manager Yoshihisa Okamoto told Reuters. "In the current market environment, investors rush to sell at the first sign of negative developments or exhaustion of positive news."
    http://www.gamespot.com/news/6185188...ewstop;title;1



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  3. #2
    The Man on Ice 261311's Avatar
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    I assume they slide because of the US's announcement of a recession? After all, they still are the biggest global consumer of everything. That though, is a disappointing loss to Nintendo, a large one as well (in my books).
    With much love, 261311.

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  4. #3
    WiiChat Member Transfixed's Avatar
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    Quote Originally Posted by 261311
    I assume they slide because of the US's announcement of a recession? After all, they still are the biggest global consumer of everything. That though, is a disappointing loss to Nintendo, a large one as well (in my books).
    The US hasn't "announced" a recession, we've just recently begun being OK with talking publicly about what we've really known for a long time now, that our systematic destruction of the dollar coupled with massive un-repayable debts to foreign countries, coupled with a "downturn" in the housing market has gradually slid us into a recession. Atleast our government sure as hell hasn't annoucned it! haha....
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  5. #4
    The Man on Ice 261311's Avatar
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    Quote Originally Posted by Transfixed
    The US hasn't "announced" a recession, we've just recently begun being OK with talking publicly about what we've really known for a long time now, that our systematic destruction of the dollar coupled with massive un-repayable debts to foreign countries, coupled with a "downturn" in the housing market has gradually slid us into a recession. Atleast our government sure as hell hasn't annoucned it! haha....
    Bernake said that the US is in a recession, hence why within the past 2 months he's lowered your interest rates almost 2.5%, and just 3/4 of a percent last week (or so).
    With much love, 261311.

    Quote Originally Posted by JT.
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  6. #5
    Tip#67: Sell Your Wii Deanis's Avatar
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    Dude the entire world's market has been hit lately...largely thanks to the US *takes hat off to the US* ****ers.
    And many companies have experienced more than 10% declines. Atleast people will still be 'investing' in Nintendo in this tough time. Who cant help a bit of gaming?


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  7. #6
    WiiChat Member Sterculius's Avatar
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    If the gov't and gas companies and others would stop gouging the public with taxes and price markups and all that we'd have more money to spend on our own desires and the economy would be fine.

    But they always charge what they WANT and not what they NEED.

  8. #7
    The Man on Ice 261311's Avatar
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    Well, if that's coming from an American stand point, think about your war machine and the 9 trillion dollar deficit you hold; if not, then look to the option of governments are greedy and a surplus is always favourable.
    With much love, 261311.

    Quote Originally Posted by JT.
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  9. #8
    Senior Member Skippy's Avatar
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    Markets in Asia, and around the world really, have been down lately. Nintendo is not alone.

    However, it's up 5% today, but it's been all over the place the last couple months.

  10. #9
    Guru of everything Ninty wezeles's Avatar
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    Everyone is cashing out like he said, even in company doing as great as Nintendo with all this talk of ressesion people are scared and back out with what money they have invested even if that money is doing well...

    half of whats causes a ressession is "saying" that we are in a ressesion people then doubt the market and pull out as quick as possibal...

    And if it happens in the US it happens to everyone else in some extent... its a World Market every dollar in any direction effects everybody in some way...

    Nintendo is still pulling in the cash like crazy anyways dollar value or not they are killing competitors, market share of the company wont change that... all it will change is who gets the surplus cash and at what price they get it...

  11. #10
    3D Artist sagema's Avatar
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    It makes sense. People buy stock then they eventually sell their stock. If I bought Wii stock I'd sell mine sometime in 2008. The stock market is like Black Jack. You need to know when to pull out. Could you stay in for 30 years? Yeah, but few people do that on their own.

    Oh yeah, end of 2008, get ready USA. Get ready for the market to fail badly. How badly? Depends who becomes president.

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