So a bunch of people bought Nintendo stock since they heard that Pokemon Go had become very popular around the world. Now those same people are learning that Nintendo does not even own the game. People thought Pokemon Go would make Nintendo suddenly take over the gaming world or something along those lines. Somehow they thought this would happen just from one popular game people play on their phones. Nintendo only receives a sliver of the profit due to licensing fees. The stock price exploded, then crashed. The thing is, it crashed due to people being so excited they didn't realize who owned the game. Normally a crash would be because popularity ended. Interesting.
The stock price was around 18, then it shot up to around 38, then it crashed and is currently around 27. It is still popular and may get even more popular. If people weren't so ignorant and impulsive, the stock price would have quickly bumped up to the 20-22 range.
This is kind of funny. People look stupid when they are wandering around together looking for pokemon with their phones. It makes sense for people to look stupid for attempting to 'invest' in Pokémon. From what I see, people are having fun looking for the pokemon but no one is actually playing the game where you make your pocket monsters fight each other. That will probably describe the wane of popularity overall when it happens.
Except you are a forex veteran, you are likely to make a costly mistake in your choice of forex indicators to download and install; hence the need for this article. We have put together the top 10 MT4 Indicators you should consider installing and adding to your trading chart.
ReplyDeleteDespite the benefits of using forex robots when trading, to tilt the coin to your favor with best forex robots or gps forex robots, you must be a skilled programmer and trader to do that
ReplyDelete