John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (2585)	8/11/2000 10:15:43 AM
From: John Pitera	Read Replies (1) of 33421

Everyone should take a look at the euro/yen cross post I am responding too, which was written on Wed and then take a look at a daily chart of the Sept Euro futures (EC0U) and the sept Yen futures (JY0U)........ speaking of Japan this is something I wrote on another thread.......... Mike, yes TUTS has a very strong chart and very good fundamentals and in a very hot sector DSL. that was one of the insights derived from the CSCO conference call......DSL is red hot. another important insights from the CSCO CC Japan is the strongest it's been in 5 years. Chambers was interviewed the other day and said that CSCO foresaw the slow down in Japan 4 and a half years ago. I think this is a very important macro story, especially for some of the key Japanese stocks. They are underowned by Japanese citizens, and are under weighted in just about all global portfolio's. that's part of the reason I started moving back in a week and a half ago. I mentioned buying SNE, NTT and NTDMY. NTDMY is NTT Docomo the very big wireless company. Japan is one of the earliest adopters of wireless and the penetration for wireless internet devices is greater and has a much quicker acceleration rate than anywhere in the world. it's down from 210 to 130 and I pretty sure we'll look back in a year or two and realize this was the steal of a life time. I noticed I've been able to mention my buying to tom, you and several others and have not received a single mention thats pretty much how I like it as I think I'm really thinking outside the box. for someone with patience like me, it was easy to wait for the .618 decline we saw in the Nikkei starting in early april, it went down from over 21000 to 15700. Bearshark called for this decline several months ago in the market lab and suggested it would be the fantastic buying opportunity for Japanese equities. John

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