I'd say this stock will be a steadly seller until MP9 comes out. Whether or not Nintendo returns to a yearly schedule (or takes 2 years in between such as this last one), will determine the price.
According to vg chartz this has allready sold 2.53milllion over 20 weeks selling an average of 3dkp a week.Does this have the legs to sell another 1.5million before super mario galaxy comes out,assuming that sales will drop?id say this is a bit over priced.
According to VGChartz, MP8 moved 33,587 units for the week ending July 14th, 26,656 units for the week ending July 21st, 35,620 units for the week ending July 28th and 39,117 units for the week ending August 4th. That adds up to a grand total of 134,980 units or around 13.5 DKP.
I find it strange that this Future continues to plummet. Here are a couple sales factors to consider:
We know that an article written on the 1st of July stated that Mario Party had sold 550,000 total at that point.
It is unknown where they got their information, but it's unlikely that it was very up to date information, I would say at that point it did not include the last 2 weeks of what will show on the NPD numbers.
We also know that the 314k were reported from NPD the initial launch week of the game.
How likely do people think it is that in the following 5 weeks after launch the game only moved 290k, the current price for this future?
We know for a fact there were at least 240k, the question is was that 1 week old info that was brand new on the 1st of July or was it 2 week old info not including the most recent sales?
240k in the first 3 weeks would indicate an average of 80k a week and then we are predicting a drop off for the remaining weeks to 30k each week.
If it was up to date info then sales dropped from 310k in 1 week down to an average of 60k for 4 weeks and then another 50k for the last week.
Keep in mind how long it takes for information to translate into an article that gets posted, I believe it most likely the info did not include the last 2 weeks of NPD numbers and this stock should be at least valued at 32-33 DKP.
@SERAPHRowen, maybe someone isn't used to the new market maker yet and did't realize it reacts very quickly to large negative order flow. Or maybe someone did an ErikAston and sold way too many shares =P. Though I agree the Wii stock (and other console stocks) is overvalued!
Wow... how did this get so low? I'm already maxed on this stock, so I can't go in anymore... but according to the VGCharts numbers, which I admit aren't always the most accurate of things, this stock has already sold past the predicted futures amount. By a huge portion.
This stock is a steal right now. There's no reason for it to be below 30 DKP. 25.82 DKP is absurdly low.
I think the current price is a really good estimate for this stock based on available information. It seems fairly in line with NPD sales info and the sales info already mentioned. At most I would go 31dkp with stock but nothing over that.
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Why do you think Galaxy will affect this stock?
I'd say this stock will be a steadly seller until MP9 comes out. Whether or not Nintendo returns to a yearly schedule (or takes 2 years in between such as this last one), will determine the price.