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Strategies & Market Trends : Mitsubishi Tokyo Financial (MTF)

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To: Elmer who started this subject6/2/2003 1:07:38 PM
From: Elmer  Read Replies (1) of 17
 
Today it is trading at the level they did their secondary offering in the first quarter of this year. It took three months to recover.

The announcement of the secondary also took about 20% off of the stock in the weeks before the offering. If it moves up from the $4.04 level in a convincing way, it could test $5.00 share in no time. However, the US market needs to stay strong for any sustained rally in Japan.
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