Nintendo's stock rises, but for what reason?
Nintendo's stock hit a yearly high today! (Then again it's only February) One of these days I gotta get me a couple shares. :) Anyhoo...could this sudden rise in stock be because of Dolphin? Is there something we don't know here? Thanks to NintendoExpress for the word:
Traders today reported that shares in Nintendo today rose to a new year high on the Osaka Securities Exchange off the back of a weaker yen and "excitement" over the company's next-generation game systems. Stock in the company was up Y 1,920, or 8.7%, at Y23,920 on volume of 940,700 shares. Earlier the issue rose Y2,000 to go limit-up at Y24,000, eclipsing Thursday's year-high of Y22,300. Although this news may seem insignifcant, these increases mark increasing confidence in Nintendo's next-generation plans, and the fact that the PS2 launch in Japan is mere months away makes this news all the better. Makes you wonder if they know something we don't.....perhaps great things are expected from upcoming NCL announcements? We'll keep you updated....