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Technology Stocks : Trans Cosmos
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To: swisstrader who wrote (50)1/28/2000 9:03:00 AM
From: Anchan  Read Replies (1) of 75
 
May I point out that we are adrift but not lost? (Trans Cosmos closed at 34,450 yen today.) Two things about the present phase: Japanese companies are trying to reduce their cross-holdings before the end of the financial year (end of March). This may cause the Nikkei index to fall and adds a bit of confusion which may keep foreign investors (big chunk of Japanese stock trading) away until the dust has settled. On the other hand: fund managers are beginning to take positions -- while stocks are cheap -- before the first tsunami of matured 10-year fixed-term deposits from postal savings hits the market, looking for a place to go -- and much of that money (coming out in April, July, October) will not go back into fixed-term deposits because the present rate is around 1% whereas 10 years ago it was more like 8% (hope this remembered figure is correct). Nikkei quoted estimates are that over a third of a trillion yen of matured term deposits will be shifted into stocks where better profits loom and which have become much more attractive since Japanese brokerage commissions were radically lowered last fall -- not to mention that a lot of Japanese investors are now beginning to trade on-line. All of which portends good things for Trans Cosmos.
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