borb, the people who suggested 20k, at least on this thread, did so out of gut feelings if I remember well, since I asked them why they thought so. If I am mistaken, please correct me, no flame intended, but I have never seen any analytical proof behind the 20k target for this year. If you have one (and by analytical I suppose we mean TA, at least I do, for using fundamental analysis, a tough task especially with Japanese numbers, you would not know a specific target on an index, only that the fundamentals say "buy" or "sell").
And on the subject of P/E, historical p/e I hope. Unless you go back several years (impossible with the internet stocks) it doesn't mean much I think.
Say a car maker like Ford decides to sell cars directly on the internet (sort of like Dell, not impossible) . Does it go from a p/e of about 7 to 300 like many internet companies (the ones that do have the "e" anyway) ?
I am not sure exactly what you meant when you said :
>>Some guys take more analytical approach and
came up 20K for the next wave. How do you think? (it is between 18K to 18.5K now)<<
I personally posted that if we penetrated 17,500 level by more than 3% , we would see 18k with the momentum. Beyond that I will not say 20k because I don't know, but if gut feeling is good enough, then I say back to 17,500 before we go any higher. I can t be more analytical than this for now, the server here was down for 2 days and I am swamped with work right now, so that will be it.
I will at some point get back on some of the questions that were asked on the thread , I think from Dotcomm about NTT DoCoMo and its share price though.
all the best
sg |
