Deftangel I totally agree. I'm lucky to have cultivated a broad portfolio that makes me money on down and up days and gives me the ability to have some margin on the side.
I see that I have some allies in both you and Phil, and this makes me happy to see TSE at least attempting to self-correct.
I don't know if you noticed, but I talked down the DS stock about 5k yesterday (~20%). I made money on the down and up.
I think the problem being is that the market has no input. Its fueled by hype and speculation. When ever someone is pessimistic the usual bunch of profiteering doubletalk shows up. In that sense TSE is quite a mirror of the real market! :)
The more of us that speak up and provide rational thoughts as to why this stock is overvalued, the more impact we can have on the correction of a stock. Please don't move on, beat the drumbeat of the market, don't just blindly follow!
(Oh and try to build up 1 million in margin and keep it there at all times....this is what I do, saving for a rainy day, or to ride out a correction).
@deftangel,I'm done here...people are chirping in with perfectly reasonable arguments about why this stock should be going down yet it pops up every day...someone buying with no explanation is just frustrating. I'm bothering to TRY and create a 'normal' level for this stock and all I'll end up doing is handcuffing my DKP. Moving on to other stocks that need correcting that don't have resistance from irrational human investors.
I've shorted it a bit but I have almost no margin due to another astronomically over-valued stock so go figure.
I think SimEx is an idea that can work but it seems out of whack at the moment. A combination of the time trust only working one way and not enough active traders, perhaps.
I just can't believe this stock is peaking so high.
Today it just occurred to me how badly TSE is overestimating DS sales. Let's put something in perspective here.
We're predicting, (assuming 6 billion people, NOT consumers) a single DS for every 23 people on this planet. This includes people who don't make 200$ a year let alone a week.
It's hard to believe that it took McDonald's 20 years to sell four times this many HAMBURGERS (1 billion served).
This stock should be going DOWN DOWN DOWN, but then again, TSE doesn't even come close to predicting reality.
If DS is already off pace, we can assume this quarter will also not meet expectations.
Q1-3YR4 = Year 4 - Q4YR4 = 22.5 million. Q1-3YR5 (16 million) is 6.5 million off the pace of Q1-3YR4 (22.5 million). DOWN 40% in Q1-3 this year already.
I am expecting the DS to be more than 18-20% off the pace of last year. I am expecting something more in the range of 25-35% off the year's totals.
Suffice to say, once again TSE has overestimated the true potential of a Nintendo product (like sales trajectories fall off a cliff rather than curve, or something).
Since Launch on Nov 21, there are 103,524 DSi LL sold in Japan up to Nov 22, a 2 days duration, according to Famitsu.
LTD of DS (Lite + DSi) in Japan is 28,191,716 (since December 2 2004 - November 15 2009).
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Deftangel I totally agree. I'm lucky to have cultivated a broad portfolio that makes me money on down and up days and gives me the ability to have some margin on the side.
I see that I have some allies in both you and Phil, and this makes me happy to see TSE at least attempting to self-correct.
I don't know if you noticed, but I talked down the DS stock about 5k yesterday (~20%). I made money on the down and up.
I think the problem being is that the market has no input. Its fueled by hype and speculation. When ever someone is pessimistic the usual bunch of profiteering doubletalk shows up. In that sense TSE is quite a mirror of the real market! :)
The more of us that speak up and provide rational thoughts as to why this stock is overvalued, the more impact we can have on the correction of a stock. Please don't move on, beat the drumbeat of the market, don't just blindly follow!
(Oh and try to build up 1 million in margin and keep it there at all times....this is what I do, saving for a rainy day, or to ride out a correction).