[quote author=“nhc538”]erik,
we got to be careful. when examining a stock price movement, we need to compare it with what the rest of the market did. the s&p 500 was down 0.28% and the NASDAQ was down -0.84% as well. sony did not significantly underperform yesterday.
we also need to consider market expectations. if the market expected more than 1 million PSP units in the US by the end of the quarter, plus some in europe, than it would cause a bigger shock in stock price than it actually did. it seems like the market already expected not much supply of the PSP available outside of japan by the end of March (due to all the rumors of release date pushback).
I agree in certain respects. On the day of an announcement, especially one as big as this, IMO if the news was good the stock would have gone up. The news of Europe did not come out till today, we will see this effect on today’s close. They claim 3 million by end of quarter (3/31)...with 800,000 already in Japan…1,000,000 to US…leaving 1.2 open for Europe and Japan.
This is the second biggest release for them outside the PS2…if this lowers the stock, outlook isn’t good…at least that’s how I see it.
Erik
