Gavekal Capital: Sony Takes a Nosedive

Friday, November 1, 2013

Sony Takes a Nosedive

Yesterday we highlighted that Sony had disappointed investors with weak earnings and lowered guidance. Today the stock is down 11.7% and the chart looks about as ugly as they get. Below we show the absolute price point & figure chart in USD. At least five more zeros will be added to the current column of zeros after today's price action gets registered.