We on this Board will be a lot les innocent after April, I hope ... for the US folks, is Asian market fun or what? Ever wished you lived in the roaring 1920s? Now, what do we really believe will happen to gold as the Europeans continue to sell down gold hoard, devaluing their holdings, while Japan, US and China are not budging. The world and human has not changed one iota.
Tuesday, March 14, 2000
Hot Stock: Hikari Tsushin Ask-Only Amid IT Share Sell-Off
TOKYO (Nikkei/Dow Jones)--Shares of Hikari Tsushin Inc. (9435), an Internet investor and cell phone marketing company, are ask-only early Tuesday, amid a continued sell-off in communications and information technology stocks.
At 0049 GMT (7:49 p.m. EST Monday) on the Tokyo Stock Exchange, Hikari Tsushin shares were offered at 83,500 yen, after closing down for the fourth consecutive session Monday at 88,500 yen.
Selling prompted by recent rumors and unfavorable reports about the company may already be over, and Hikari Tsushin is now just following Softbank Corp. (9984) and other high-priced IT shares lower, said one trader.
On Monday, the company denied rumors that its president, Yasumitsu Shigeta, has been arrested.
Meanwhile, shares of Crayfish Co. (4747), a Japanese electronic mail hosting service provider, were down 500,000 yen, or 2.0%, at 24.50 million yen on the Tokyo bourse's Mothers market, with 95 shares traded so far.
Hikari Tsushin owns more than 50% of Crayfish |
