I believe we are seeing savvy buyers trying to front run that trade. If you know that there are big ETF and mutual fund buyers waiting for the rumor to become official, why not get in ahead of them? This is why I believe that Nintendo is up on the day. We own the NTDOY ADR for clients and in our personal accounts and this move above $19/share is just the beginning of what we believe is in store for this company. I believe NTDOY could reach $50-65/share over the next 3 years, so this $1.50 move today is welcome but not exactly a tectonic shift. We continue to like shares, and today's rumor of the addition to the Nikkei 225 should be viewed as a vote of confidence in Nintendo's future." - Panoptic Management Consultants CEO Asif Khan
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