JAPAN-Nikkei-Time to go back up? Message Board

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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

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To: borb who wrote (3083)	7/2/2002 8:55:40 PM
From: Crossy	Read Replies (1) of 3902

Borb, you are exactly right. JAPAN now emerges as the way to play on renewed US economic strength. Odd situation but only explainable by the dismal sentiment in the US domestic market.. Meanwhile do you remember Nihon Inter (NIEC) 6974.J ?? I called this one around 250 Yen... Message 17580194 Days ago it broke out off its base, beyond 285 Yen. It was up in a mixed market. Today it cleared the 300 Yen hurdle. The turnaround is now confirmed, as the firm expectes to earn aroun 25 yen per share for FY2003 (current year). This means forward PE of 12 at current valuation and a PSR of around 0.35. Way too low. And believe it or not, no coverage yet .. biz.yahoo.co.jp the other Japan stocks in my portfolio are just going sideways. But NIEC is moving up strongly on record volume of 200k shares a day and more.. keeping my fingers crossed.. CROSSY

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