NINTENDO19 trade ideas
Pokemon GOne CrazyWhat a screaming run off all the Pokemon GO madness. It could keep hurtling up and soar past 2015s high ... or that previous high could provide resistance and we see a tidy correction. Worth keeping an eye on tomorrow.
Nintendo can go higher upon Pokemon go crazeI suspect that the mobile game will be very successful especially in Asia. It is very successful now in US, Australia and New Zealand. It seems that the game craze will last according to my presumption up to 1 month. There could be some extra positive movements.
Nintendo: Interesting long setupI 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.
