@kooistrak1, Is Wii HD going to be a new stock though or counted under Wii, if Wii HD is only Wii with HD... I expect it to be a whole new console though aka next gen.
Also from the WSJ - "Nintendo expects Wii sales to decline again this fiscal year to 18 million units while software titles for the Wii slide 14% to 165 million units.
So that puts the wii at 88M units at march 2011. Good luck longs at 160M. (WSJ also started taking about the next wii HD soon) And yes I am now short lifetime wii sales.
Wii sales now stand at70.93 million units
The company sold 20.53 million Wii consoles over the period -- a drop-off of 21 percent compared to last fiscal year. And even despite the roll-out of the DSi XL, sales of Nintendo's portable platform also fell, a decline of 12 percent to 27.11 million units sold. Nintendo says a European shortfall is largely responsible for the decline.
Nintendo has taken action against an individual here in Australia for being the first person in the world to copy and upload New Super Mario Bros Wii to the internet. The game was uploaded to file-sharing networks on November 6th, a week before the Australian release.
Out-of-court settlement which will require the pirate to pay Nintendo the sum of $1.5 Million dollars by way of damages to compensate Nintendo for the loss of sales revenue caused by uploading the game.
Nintendo DS 3.31M (I expected this, but not 100% sure)
NEW SUPER MARIO BROS. WII WII NINTENDO OF AMERICA Nov-09 2.82M (way better than my expectation. I am sorry that I cleared up my significant long on this on the 2.1 Million price point) WII FIT PLUS* WII NINTENDO OF AMERICA Oct-09 2.41M (way better than I expected) WII SPORTS RESORT W/ WII MOTION PLUS* WII NINTENDO OF AMERICA Jul-09 1.79M (way better than I expected. Missed opportunity for me).
I am getting significant profit from my 29K stock of Wii H/W and 14K stock of NDS H/W.
@zeromous, Gee, thanks for the sarcasm and name calling. If only you posted the detailed explanation in your second post in your first post, people will know what you think and can respond / discuss things with you.
I didn't post the message to laugh at you. I am just sharing that everyone, including you and me, can have big losses from incorrect investment, like I had in the past for PS3 short.
Your complain that there is no REAL bids (other than market maker) is only because no other player thinks that the price is significantly out of whack so that he is willing to put a bid order. Of course, simEx are also having much less player, which meant "wisdom of crowd" is having a tiny bit problem with smaller crowd means smaller different opinion.
Getting back to past experience, I don't get what is different in the last six months compared to the "old time". Isn't it always the fact that if you make a wrong bet, you will always have difficulty getting out of it, especially once the market moved against your investment, and you can only get out after making a bit losses ?
What do you mean with "automatic bids stop scaling" ?
Of course I'm not happy with my short you arrogant twit.
But that's not the problem, the problem is you cannot take a new position after you've lost a ton of money.
The algorithm has tweaked over the last 6 months, to ensure that if you buy up a lot of stock, the Bids do not increase accordingly after about 500k.
There is no way to insulate yourself against further loss, or to hedge except for to place bids long in advance.
1) Because there are actually few players playing there are no REAL bids to take the place of automatic bids
2) When automatic bids stop scaling, you cannot sell back to the market at a higher price, ensuring loss.
3) You can avoid this by ensuring you never buy up more than 500k on shorts, but if losses mount, you are forced into further loss, either by buying up artificially low bids, or
4) This did not used to happen on TSE, so modifications have been made which are favorable to no one but "the house", hence my carny comment.
But yeah, I'm not surprised you think I'd be pissed about some petty losses, but after taking a bunch of these hits its pretty clear that this game is imbalanced and a waste of time.
I mean, it's not like I come here for your personality apujanata.
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Is Wii HD going to be a new stock though or counted under Wii, if Wii HD is only Wii with HD... I expect it to be a whole new console though aka next gen.