Friday, March 28, 2008

Looking at SNE

I think SNE (Sony) is ready to turn a corner big. The blue ray win (HDDVD collapse) is going to translate into huge sales of PS3 for them, a product which severely impacted the stock price over the last year. I don't think the stock has figured it out yet.

I'm going to start accumulating it until I have 10% in it.

What I really want to watch is this chart.
http://finance.yahoo.com/q/ta?s=SNE&t=6m&l=on&z=m&q=l&p=m50,e20&a=&c=
The next time it crosses the 50 day moving average it isn't going to stop going up.

This confirms what I've believed for about a year now. The PS3 was awesome, it just needed to survive until it was relevant and not so far ahead of the technology curve.

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