I am not afraid, I am not afraid, and oh, did I forget to mention within the last 5 seconds that I am not afraid?Stock Outlook: Sony, Softbank Shares To Recover
TOKYO (Nikkei)--Hopes for the share prices of information-related equities were so high that the stock market is now compensating for the overbought levels that individuals and investment trust funds pushed them to, says Norio Suzuki, a senior investment manager at Indocam Japan Ltd.
After a week, there will be a move to pick up Sony Corp. (6758) stock on dips, he says, adding that buying opportunities will soon abound.
Next up after Sony will be shares of Softbank Corp. (9984), which has strategies in finance and other areas, he notes. Suzuki says he would not be surprised to see Softbank stock moving up after about two weeks.
However, Hikari Tsushin Inc. (9435) faces problems about expectations for the development of its business, he says.
(The Nikkei Financial Daily Tuesday edition) |
