State of Nintendo

RSI, Stochastic, and MACD all indicate that the stock is over bought.
Momentum is heading down.

Yen is at 123.03


Wii Sales Still strong

An article by the Associated press about Wii's continued success is now making the rounds, even showing up in my local news paper. Confirmation that the Wii is still selling out is great but the article itself may actually be the more important. An article such as this one helps to maintain the hype that Nintendo will need going into the holidays.

http://www.mercurynews.com/ci_6262831?source=rss&nclick_check=1

WiiWare A GO!!!

Nintendo has finally announced that original games will be heading to Nintendo's virtual console. This is significant because it will allow both small and large companies to digitally distribute games, designed specifically for the Wii. This could become a large revenue stream for Nintendo in addition to making Wii even more attractive to consumers.

http://wii.ign.com/articles/799/799824p1.html

Reminder- E3 is July 11th. Nintendo is likely to clarify its plans for the future and reveal some surprises at the event. Shares of Nintendo should be purchased at least one week before E3.

Nintendo DS Lite
No significant launches in US within one month time period.

Wii
Mario Strikers released in US on 7/30