Today we are looking at another gaming stock, this one the big Chinese gamer Shanda Interactive (SNDA) .
I will be looking at adding to my gaming stocks as always into weakness. I have owned ERTS forever and was a seller in the high 50’s. Back in the mid 40’s I will buy some again.
Nintendo (NTDOY) has been one of my big winners and it has been strong throughout this pullback.
Shanda has always been my gaming nemesis. I have owned it twice and lost money. It get’s one more chance but is now in no man’s land for me.
Brian takes a look at the technical pricing picture for us:
Howard,,, chinese government is pushing gaming companies for less violence and sex in games and more society friendly themes…. that came out last week,,,,,,, FYI
In what sense has Nintendo been strong throughout this pull back? They’ve lost almost a third of their value! I’m extremely confident in Nintendo, but how do you see them going forward?