Fizzle, I'd encourage you and others to hold onto this stock for a few months. At least until E3, when we may get info on the game. And later in July, we may get updated sales info from Nintendo on both Wii hardware and AC DS. Getting a quick 10% gain is always great, but there's a possibility for a 50-100% gain in the mid-to-long term. As you mentioned, overall the stock is moving up. I bought early and held on, and have a 78% gain already, and there's no way I'm going to sell anytime soon. The stock is still too undervalued.
To recap for those who haven't read earlier posts, Animal Crossing on DS has already sold over 4 million copies in Japan, and over 1 million in each America and Europe, with total shipments reaching 7.5 million, and is on pace to sell at least 5 million in Japan, 2 million in America and 3 million in Europe, for a total of 10 million sales.
You're mistaken. This game has been trending upwards consistently (as you can see by the chart). However, people like to cash in on "quick gains" when they see a 10%+ increase. I know that when I see a few days of solid increase on this stock, it's going to have a day when it goes down. However, it will make up that ground and then some more the next couple days. I'm not too concerned with my investment on this stock at all, and you shouldn't be either.
It'll get to where it's supposed to be, but not until there more information on the game.
I think that this stock is easily worth 600 DKP, but I'm not too concerned about drops like we've seen today. I'm in it for the long haul and I think this stock will pay off in the long run.
Skies the limit so long as Nintendo can keep up the Wii momentum.
Animal Crossing coming in 2008 means Nintendo will be in DS territory when it comes to market.
This predictive market is not about what it will do at launch, but through the lifetime of sales. Now is the last chance for huge profit on this stock!
There are some games where the install base at launch will constrain lifetime sales. But these are generally titles that have huge first months, selling 1/3 or 1/2 of their lifetime and then quickly declining, or are from IPs which have new iterations every 12-24 months. Animal Crossing fits neither description.
Furthermore, I think we're talking about a late 2008 title here, at least for America and Europe. Nintendo did at one point say it was a 2007 game, which is probably why it IPOed so early, but that was a long time ago now, and since then we've failed to see any screens or even hear much news. I think the Japanese debut is at least a year away.
Its really very silly for this stock to be fluctuating back and forth. It should be going straight up. It may just come from some people figuring the up-trend is over and freeing up some cash for other stocks. But the more times it is reiterated that AC DS has already sold over 7 million and will likely reach 10 million, the more people might get on board. This stock really should climb up to 700, 800, & 900 DKP.
Well Nintendo is aiming for 1.5 million Wii consoles shipped per month, so it won't take very long for it to reach that number.
Right now the Wii is selling faster than the DS did when it launched. Also, when the DS version launched there were only about 15 million DS units sold worldwide.
Lao- I guess my point was that the DS has an install base of 40 million, so it was apples to oranges.
However, thank you for pointing out that it is going to be released in 08. That will make a difference. I assumed it would be soon, since you can trade it now.
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To recap for those who haven't read earlier posts, Animal Crossing on DS has already sold over 4 million copies in Japan, and over 1 million in each America and Europe, with total shipments reaching 7.5 million, and is on pace to sell at least 5 million in Japan, 2 million in America and 3 million in Europe, for a total of 10 million sales.