Nintendo traded up over 75 yesterday, an all-time high. How much of the latest run is dictated by the strengthening U.S. dollar? How much of it is related to the holiday season, which inches closer each day?
How much of it is tied in to the basic fear of parents when it comes to the usual Barbie Dolls and action figures made in China, now being recalled en masse? Hard to gauge all of these factors, but the Wii will continue to sell. The DS will be a must-have item. And not just for me. I'm talking about kids everywhere.
Pupule says: Wait. The stock has a tendency to surge, then park, very boxlike behavior (re: Nicolas Darvas). Just wait for the typical consolidation, perhaps a pullback. I've bought low, and I've bought too high. Better to be patient, let the stock dip under its moving averages, then harvest your ripe shares of NTDOY.PK.
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