So thanks to the China reveal I made some decent money with Nintendo stock, but didn't sell yet. While I expect that their stock will be even higher at the end of the year, I'm unsure what will happen in the next days/weeks. I kinda think it will go down a bit, so I'm considering to sell my stock now and buy some new stock after a drop.
Anyone else here who has Nintendo stock and would like to share his expectations for the next few weeks?
Sold half of my stock on Thursday at +25%. I also believe it will be higher at the end of the year, but I was kind of "overinvested" there. Also, one has to admit, that Nintendo is already valued quite highly if we lock at the trailing PE ratio.
Next week(s) will be interesting. I except a negative "post announcement drift" on Monday and Tuesday if there are no new and even more positive news regarding China. Maybe a drop on Wednesday, if current expectiations are not beaten by a good margin. No idea what kind of numbers the market really expects right now.
Thursday then depends on what Nintendo says in regards to China (and Mobile). If they temper expectations and have nothing concrete on the Mobile front, I expect the price to go down (but potentially recover from that over the next weeks). Afterwards, I expect not much movement in the stock before news of a revision, more concrete information on China, or E3. The release of MM2 will be a factor in June and should start of a a continous increase (due to news about sales of the titles selling from Jun - Dec), I hope.
In the end, no one knows and analyst talk will also be a big influence, as usual.
EDIT: Another factor is the Golden Week , starting April 27. No Japan guidance in regard to the Nintendo stock might make it more volatile (at lower volumes, hopefully).
Japan's 10-day holiday stirs concern in traders and investors
To mark the ascension of Japan's new emperor, the government has declared an unprecedented 10-day holiday from late April to early May, worrying investors, who say a market shutdown could cause disruption and unsettle the yen.
It will be the longest break ever for Japanese stocks and bonds.
Japan's financial watchdog has told all financial institutions to alert customers about the possibility of turbulence in overseas markets during the shutdown, and to make sure their systems can cope with a flurry of activity before and after, documents obtained by Reuters showed.
