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Strategies & Market Trends : Mitsubishi Tokyo Financial (MTF)

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To: Elmer who wrote (12)8/7/2003 8:27:15 AM
From: Elmer  Read Replies (1) of 17
 
It broke below 500,000 yen on the Tokyo Exchange last night and closed at 483,000 yen. It has been ugly since it broke 600,000 yen on the upside.

I'm looking at 475,000 as an entry point which coincidentally was the price of the secondary offering. My take is that moves in this stock are all driven by shorting or short covering.
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