Topic: Nintendo Stock Hits Record High

[Karl Castaneda #2]

Somebody cue up that "It Prints Money" GIF.

It's no secret that the DS is making Nintendo filthy rich - the kind of rich where you use 50-Dollar Bills as toilet paper, and toilet paper as dog toilet paper. But if you were wondering how rich they're becoming, then you don't need to look any further than today's Reuters article.    

In it, it's explained that Nintendo stock in Tokyo today closed at 26,750 Yen, after hitting a record high 25,770 Yen ($226.71 and $226.88, respectively). Not only that, but value has gone up a tremendous 88% since the calendar year started.    

Also in the article, for comparative purposes, is the stock price for Sony Corp., coming in today at a mere 4,710 Yen.    

With the DS Lite's unbelievable success in Japan, and the impending launch of the Wii, it sure is a good time to be a Nintendo shareholder.

[wulffman04]

Dog toilet paper?

[Pryopizm]

Time for a split.

[KnowsNothing]

I <3 data, since I'm currently doing a report about digital innovation in econ class.

MOAR DATA

[Famicom]

There you go.

[Shecky]

Ticker symbol NTDOY doesn't exactly match up with the $226.71 and $226.88 listed above.  What exactly is NTDOY?

[scot00]

I dont post very often..BUT HOLY CRAP.....LOL @ Famicom

-Scot00

[roe]

Actually what you guys are looking at is not public stock. However their public stock as already mentioned, is NTDOY. The more expensive stock, is a japanese stock not made to the public, if it is... its not the public stock that is booming... and not for the average person.

I had 1k this semester so I new I'd spend it, so in september i invested it in nintendo (ntdoy) at 24.85! so i'm glad it has gone up 13% in one month to 28.65... which is awesome. so research it at etrade.com ... ntdoy

Basically this is the public stock.. it has gained 13% in a month which is amazing. this week it has gone up 1-2% each day... so i'm hoping this continues until dec 2nd when it is released in japan. then i have to sell it to pay off my 900$ credit card debt lol... but im hoping it increases another 13% so i return a profit after sales.

etrade.com lets you buy it for 1k$ but you have to wait a few days for your money to clear to purchase overseas stock. even then, if you chooses hte instant cash option they dont let you buy japanese stock for 7 days! i had to call to have my trade sent through afte r8 complaints. however when i wanted to buy it in sept, it was 27$.. after bitching at etrade it was 24.85... so it was a blessing i cant complain lol. after... its back to 28 so i gained

so make sure if you buy the stock you get ntdoy, not the really really expensive non public stock!

[couchmonkey]

My NTDOY have supposedly gone up over 100% since I bought them, but I think maybe that's a miscalculation on Etrade's part.  It has gone up at least 50% though.

I don't know if now is the best time to buy NTDOY, though...we're so close to launch that expectations must be extremely high, the launch would have to amazingly well for expectations to go up any further.  And after launch, I'm betting they'll fall off a bit again.

(I have no professional certifications to be giving out investment advice.  All statements, other than statements of historical fact, included herein, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.)  /arse saving  

[roe]

ntdoy is at 28.55 and probably will reach the low 30's by the 8th of december. i plan on selling on the 2nd after launch sale in japan...

i believe worldwide there are at least 1.2 million planed systems... is it 400k in japan and us or more? i'm not sure..

anyways... speculation has re-risen the stock to only 1$ from where it was in august... so when i wanted to buy in sept, it was stable at 27... in oct it dropped to 24.85.... it only has began rising steadily since november...

when release comes, it will rise greater on the sales of wii... however ds is still the reason why the stock doubled since e3.. so it is not going to fall to an obscene amount. however... for us broke people 28.55 to 31-34$ might not be worth it short term...

[Renny]

closed at 26,750 Yen, after hitting a record high 25,770 Yen ($226.71 and $226.88, respectively)

D'oh.

[IceCold]

It was at $13 when the controller was revealed..