Sony

"Back up the truck!" For those who are familiar with this term, it doesn't get mentioned a lot now a days. The tech bubble, financial crisis, and global volatility. There are too many skeptics. However, I have my convictions. Today's conviction is on Japan's Sony Corporation.

Sony Corporation (SNE)

There are three reasons why I feel this stock is undervalued. One is the PS4. With Wii U failing at expectations and Microsoft already announcing that their hardware specs will be under par, we are looking at another premium console from Sony. Of course, kids are going to "need it" when Christmas comes around. The other is the ridiculous devaluation of the yen. Have you seen the Nikkei lately? The last is 4K OLED technology, which is in its infancy. However, the PS4 is capable of supporting this because it is Sony's technology. Despite the continuing net losses, the bleeding is starting to slow down. Setting up a sell on the news strategy with a small position for February 20th. Let's see what happens.