nintendo (NTDOY) seems to be taking a dive, along with the rest of the market. trading at/around the $70 mark, i’m starting to think buying a small lot would be a good idea. as far as i’m aware, the wii and ds are still flying off shelves worldwide; the attach rate is my biggest concern at this time but i think slow accumulation is probably fine since the major sellers (wii fit, mario galaxy, wii play, zelda-series) are all straight profit for nintendo, and since the “casual” gamer, their current main consumer, really isn’t going to shell out tons of $$ for new games. (besides, i have the sick feeling that the only game xbox360 is selling is halo3, and nobody is buying ps3 so who cares about sne…). i typically don’t buy on nintendo unless it’s below $70 but i’m starting to think that there’s a better support base above $70 now. besides, w/stories of bowling leagues, old foggies getting into video games for the 1st time in their lives, strong sales, etc, there’s a lot of reason to still see a bright future for nintendo. 
3 responses so far ↓
1 Mr K // Dec 13, 2007 at 3:37 pm
It’s still all about the baby boomers. If they like it and want it, it’s a hit.
2 messels // Dec 13, 2007 at 4:51 pm
yeah, my order didn’t get filled today. just left one open for 25 @ $71 this morning (after posting) and figured, “if it keeps dropping today, it will fill…” but it ended up rebounding back up to $72.
still, it took a while for ntdoy to drop and i suspect now it’s just been a bit of profit-locking in case things do continue to slide.
or?
3 Mr K // Dec 14, 2007 at 7:38 am
It’s just lagging in the low $70’s right now… A Recession would hurt this one too!
Leave a Comment