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Thanks OP for always bringing the latest Nintendo news !
More seriously, all gaming stocks tanked after the vaccine news. I'd say it is a great time to make a gaming portfolio.
More seriously, all gaming stocks tanked after the vaccine news. I'd say it is a great time to make a gaming portfolio.
Rotation out of tech because of vaccine news. Pretty dumb imo. Didn't sell my tech shares in time and got fucked yesterday... It'll go back up eventually (hopefully)
Buy a gaming ETF if you want to get in but have no experience
Nintendo stock price fell on vaccine news, just a week after the Japanese consumer electronics company raised its forecast for Nintendo Switch consoles
Nintendo stock price fell on vaccine news
on vaccine news
WHAT THE FUCK
Nintendo stock price fell on vaccine news
on vaccine news
WHAT THE FUCK
For me, first, what kind of influence does the vaccine has over Nintendo's stock
Second, given how Covid has impacted the company, how the vaccine impacts Nintendo's stock in a negative way
Third, how the vaccine is any kind of bad news at all.
Vaccine means people won't stay at home as much, that's where video games thrive, it's pretty simple.
Vaccine = people can spend more time outside their homes and are less likely to play video games or do stuff at home
All those questions can be answered by "capitalism". Staying at home products like Nintendo's get less investors because with a vaccine there will be less people buying them, because there's less people on lockdown. And that means less return of any investment on those products. That's their logic.
This thread is very helpful:
Stock Market ERA - Earning money with games
Welcome to Stock Market ERA The thread all about publicly traded video game developers, publishers and everyone else involved in this industry! Big, small, American, European, Japanese, you name it, we talk about it. RISKS This thread is meant for discussion about stock trading and the...
www.resetera.com
Gaming benefited from COVID and people staying at home. All gaming stocks are therefore in the red after the news whereas travel/flying/movie firms went to the green.
It is dumb imho as the COVID tail was never meant to keep going forever but stocks are often overeacting after big and unprecedented news.
Got to think of it in terms of a day trader making a quick buck. They're not in most of these stocks for the long term, most are there for a quick flip, jumped into stay at homes while they were hot, sold for a quick buck and went into travelThis thread is very helpful:
Stock Market ERA - Earning money with games
Welcome to Stock Market ERA The thread all about publicly traded video game developers, publishers and everyone else involved in this industry! Big, small, American, European, Japanese, you name it, we talk about it. RISKS This thread is meant for discussion about stock trading and the...
Gaming benefited from COVID and people staying at home. All gaming stocks are therefore in the red after the news whereas travel/flying/movie firms went to the green.
It is dumb imho as the COVID tail was never meant to keep going forever but stocks are often overeacting after big and unprecedented news.
I also think a part of it is automated and made by algorithms. Then when people starts to see their stocks losing a lot, they tend to overeact and sell to stop the bleeding.
The stock market isn't ethical. It operates logically though. News suggesting people will soon be able to be out and about more often, no matter how positive for society, will have investors pulling out of stocks that have thrived because people have been staying at home more.
Yeah, like others have said tech has been pretty weak. So this isn't surprising at all. Wouldn't read too much into this. Kinda like that cdpr thread.
Still a good time to buy. They have several record-breaking quarters in front of them.
It's irrational to think people will be gaming less since they are outside more? I think you guys shouldn't be taking this as an insult to your plastic box.
I hope that people in this forum that couldn't tell the difference between revenue, equity, liability, asset, expense, market capitalization, stock split, etc to NOT panic about this....this is just macro level market corrections.
I can't say for the japanese side of things but most tech stock in nasdaq/nyse were down by at much as 6% yesterday due to the correction/profit taking.
To give you an example, both Nvidia/AMD were down yesterday by about 5%.
Microsoft was down about 3%, etc etc etc....
I beg the people concerning/panicking to learn some financial knowledge before reacting to it....
But who am I kidding? People will continue to react about things they have absolutely no clue about....sigh...
I can't say for the japanese side of things but most tech stock in nasdaq/nyse were down by at much as 6% yesterday due to the correction/profit taking.
To give you an example, both Nvidia/AMD were down yesterday by about 5%.
Microsoft was down about 3%, etc etc etc....
I beg the people concerning/panicking to learn some financial knowledge before reacting to it....
But who am I kidding? People will continue to react about things they have absolutely no clue about....sigh...
The stock price is still quite high in terms of its historical number. My ADR shares are still quite profitable as I bought a bunch a few years ago.
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