Ok,
the downward ladder is broken, reality set in again... it aint' all that bad, suddenly the street intends to see what main street has been realizing months ago, that the slump is over and a new chapter to begin...
Now today was exceptionally bright for Networkers, ICs, Semis, Electronics and the like.. Due to the strong upmove in its peers like NSM, FCS, ESST etc.. I expect my 2 Japan semi related holdings to do equally well. New Japan Radio (6911) closed yesterday at 755 Yen on minimal volume. Today we might spike and if volume gets us a boost again, we might get ahead of 825 Yen, which was the last high mark in April.. On NJR I do regard 1200 Yen as easily reachable especially in light of the fact that Price/Sales of this stock is still just at 0.50
The more diversified Asahi Kasei Corp (3407) should also benefit from this trend, one of their divisions is a head-on competitor to the likes of FCS, NSM, ESST and the like - AKM (Asahi Kasei Microsystems). We are near annual high now at 510 Yen and today's strong momentum might get us north of old resistance of 525 Yen.. The next wave of bullish expansion could boost us to the congestion zone btw. 620-650 Yen.. I predict this should be an easy target... I've been holding AKM since around 425 and do believe that a rather conservative target of around 800 Yen is definitely possible in favourable market conditions.. Price to sales still very cheap, around 0.60
all the best
CROSSY |
