Michael Pachter was interviewed by Adam Sessler, and he said that he “wouldn’t invest in Nintendo”. One day later, Nintendo’s Stocks have jumped by 11%. Spot on Pacther, like always.
I will not link his quotes because I refuse to part take in giving the website the interview is on traffic. But if you google it, you’ll find the interview easily.
The yen reached a three year low against the euro recently, so Nintendo’s stock jumped 11% due to 33% of Nintendo’s business coming from Europe. Nintendo’s stock currently sits at 11,850 yen, which resulted in the biggest jump since 2008.
Nintendo is still doomed…right?
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