Nintendo stock...when to sell

So Nintendo stock was the best to have for this gen. Of course the ideal thing would have been to have owned Sony stock and then sold that and bought Nintendo stock upon wii's release. Anyway I would hold onto the wii stock for a little bit longer and then when next gen systems start coming out I think I would sell it.

Unless Nintendo comes out with some really innovative things for their next gen console which I doubt they will be able to match or even surpass the wii at this point in time. Those kinds of ideas only come around ever so often.

System still sells like crazy

Monster Hunter 3 isnt out

Coloured Wii's arent out

A Price drop didnt happen yet

The next Zelda and Mario arent out yet

.....I'd say people should hang on to those stocks for quite some time ;)

Let me get this straight...

You are seeking stock advice from a bunch of teenagers at best who are constantly fighting to 'prove' their system is better than the rest based on absolutely no logic other than that they own it.

Let me get this straight...

You are seeking stock advice from a bunch of teenagers at best who are constantly fighting to 'prove' their system is better than the rest based on absolutely no logic other than that they own it.

Omnisystem

Recepy for great success :lol:

Let me get this straight...

You are seeking stock advice from a bunch of teenagers at best who are constantly fighting to 'prove' their system is better than the rest based on absolutely no logic other than that they own it.

Omnisystem

Yea, seriously

Let me get this straight...

You are seeking stock advice from a bunch of teenagers at best who are constantly fighting to 'prove' their system is better than the rest based on absolutely no logic other than that they own it.

Omnisystem

Well you sell when the stock is really high but you just gotta try to pick the climax point so to speak and then you buy the low stock. Of course I wouldn't spend half of what I made on the high stock that I'm selling on the low stock that I'm buying. Maybe I would spend about 1/4.

[QUOTE="Omnisystem"]

Let me get this straight...

You are seeking stock advice from a bunch of teenagers at best who are constantly fighting to 'prove' their system is better than the rest based on absolutely no logic other than that they own it.

Chutebox

Yea, seriously

A lot of kids are still in school right now so....

System still sells like crazy

Monster Hunter 3 isnt out

Coloured Wii's arent out

A Price drop didnt happen yet

The next Zelda and Mario arent out yet

.....I'd say people should hang on to those stocks for quite some time ;)

Fawlcon_Pawnch

A lot of kids are still in school right now so....Odin2019

Apparently not

All that happens cuz its cheap,gimicky,and kiddy Sony-tha-champ0

[QUOTE="Odin2019"]A lot of kids are still in school right now so....Fawlcon_Pawnch

Apparently not

All that happens cuz its cheap,gimicky,and kiddy Sony-tha-champ0

Its Friday so maybe they are off today or maybe on the east coast they are out but on the west cost and middle of the US they should still be in school. I didn't get out of school till like 3 or later most of the time. Even then it takes like 20 to 30 min to get home. Of course kids can always use computers from school but I would say most are in classroom with a lecture of some type.

If Im not wrong Sony stock wasn't very good last gen.. It did go up the first three years, then it kinda hit a brick wall and even fell some.

Well for selling Nintendo stock I think you could just aswell sell it now, we are seeing a global recession coming and the Japanese economy still hasn't really recoverd since the middle 90's.. Rember that luxury goods are the first too be affected in recessions.. Eventhough the Wii is a very strong console it shouldn't be able too hold the Nintendo stocks as high as they are now (Its a company withn a market value 10 times its revenues, thats just crazy)

Profits usually go up around the 4th quarter, since thats when most sales happen, so your likely to get more profit and dividens (not sure if nintendo gives these) around that time.

But owning stokc in anything right now is pretty risky with the way market is looking, I would get out now, if your still at a profit from when you bought the stock, and invest in something significantly safer. 5% interest in a bank is better than losing 25% in the stock market.

Just thought you should know.

If the stock market really does continue to dive, and everyone goes into a recession/depression, the value of gold will sky rocket, so you might want to consider investing in some gold EFTs.

(If you have a stable job, and are confident you have enough money to keep you going through the upcoming troubles, I would probably sell soon, wait for the disaster to hit, and buy when stuff is low and about to bounce back up. Good luck timing that though, its extremely speculative.)

Of course, making a question like this in a forum of gaming is not a good choice. As people have stated before, they are teenagers who don't use any logic here. You would be much better asking at any financial forum. I'm sure you've read lots of investment books before you invested, so you really know yourself what you should do.

But going into the financial crisis that seems to be approacing you really want to try and minimize your risk.

It's crazy that while companies all over the world are watching their stock and profits crumble in this economic crisis, Nintendo has yet to even be affected.goblaa

what are you talking about? Nintendos stocks have been falling over a year now.

http://www.destructoid.com/nintendo-stock-drops-after-dsi-announcement-106146.phtml

"Nintendo's stock has been in a significant decline since peaking last October. In 2008 so far, the value has decreased 41% due in part to the strengthening Yen and the current global financial market crisis. Still, the drop today has to hit pretty hard, and it's almost certainly due to the press conference announcement."

And who goes on gaming message board filled with teenagers to talk about stocks.