Nintendo: Interesting long setup

4 months ago
I think we have a nice opportunity in Nintendo             , specially if we opt for going long the yen denominated stock , since we'd gain exposure to the Yen, which I see as a good idea in any portfolio. The OTC             market stock is poised to rally as well, to the order of 95% or so, with 20% downside risk in it based on the monthly setup on chart. If trading the TSE             stock , you have a nice monthly long setup with 18% downside risk. There is a considerable spread when comparing Nintendo             to the likes of Sony             , so that might also be a good setup to check out (pair trade).

Setup #1: Go long 7974             or NTDOY             , risking 20% downside, aiming for a 100% return within a year.
Setup #2: Short an 85% size position in SNE             and long 100% size on NTDOY             (risking 1% at 11.90% and 13.91% from entry respectively)

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Ivan Labrie

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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance             on such information.
4 months ago
Comment: I think we have a new bull market in NTDOY...this is really powerful.

I'd look to buy dips from here onwards. Not entering here.
4 months ago
Comment: Waiting for bad news to buy...for now, it's too far gone.
4 months ago
Comment: Insane run...wow.
4 months ago

If you took the long, you may close half and buy it back on dips.
I'd wait for an oversold daily decline here.
4 months ago
Comment: You may exit any time you wish, but do it quick.

The target was barely missed, but considering it was a monthly target...I'd say it'll drop similarly fast now.
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coondawg71 PRO
4 months ago
Hey Ivan, FYI: important side-note on Nintendo and this release of GO. There has been a criminal element brought upon those who have Nintendo GO. Kids are being lured to locations with the hopes of acquiring new Pokemon characters only to be ambushed and robbed of their personal belongings such as their cell phones, Nintendo DS's, money, etc. Plus, the predatory element of child predators using this new GO feature to prey on children. So while the initial release may appear to be a success, there already is a huge negative public backlash in the making. Just wanted to pass on the intel.
IvanLabrie TOP coondawg71
4 months ago
Yes, you're right...probably a catalyst soon for a decline to support. I'd still consider it with potential upside simply due to the way the technical setup and the valuation looks.
RJHumphries PRO
4 months ago
I'm following this and looking for an entry signal. Maybe a consolidation to the 21 level??
IvanLabrie TOP RJHumphries
4 months ago
Long term, it's an uptrend, I'd wait for a monthly pullback.
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