Friday, July 27, 2007

Nintendo takes a breather in Tokyo

After an amazing run-up following a bone-crushing earnings report, shares of Nintendo on the Tokyo Stock Exchange have finally taken a breather today.

Shares of Nintendo, also known as "7974" on the TSE, pulled back 5% to 57,900 yen. In U.S. dollars, that's $60.87.

Nintendo's shares in the U.S. reached an all-time high of $62 yesterday. With Wii sales blasting through the roof, DS and video-game sales robust, and demand still at a peak, NTDOY.PK likely has plenty of room to grow despite more than doubling since last November.

Pupule Paul is a skoshi long NTDOY.PK.

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