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at 1:23AM PST on September 14, 2008.
Ahem. I will not tell you what, IMO, is the right price for Wii GLS, but you need to consider a few things :
- Wii selling much better than PS2, so far (I am sure that you can find charts that show it by yourself, but you can ask me for URL if you couldn't find them).
- Wii are still in sold-out status in US, right now, almost 2 years after launch.
Based on the above mentioned undisputable facts, it is a very risky action to short Wii, even at the "ridiculous" 175 million (or 165 Million at your latest post).
Are you going to wait
(like ksparydad mentioned) before getting profit from your short investment ?
Myself, I would rather short some other stock, which can give me faster profit (better ROI). So, unless the price went up to something "even more ridiculous", like
500 Million GLS
, I wouldn't waste my precious short margin shorting this stock.
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