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 (3489)	10/3/2003 12:31:54 PM
From: Crossy	Read Replies (1) of 3902

borb - the JAPANESE market is now consolidating solid fundamental data and I think is ready to move to new highs - 20000 for the Nikkei 225 would not surprise me over the next 12 months.. Currency woes were sidelined and I think that around 100 Yen to the dollar the buying pressure on the Yen will come to an end.. IMHO good time to buy CONSUMER stocks shipping to the domestic Jap. industry now.. Like Beverage Makers, advanced building materials, Foodstuff, Consumer staples, Personal care, Pharma - especially OTC etc. maybe also service stocks geared at consumers (not business) but I do not have a pencheant for this group per se.. I see the brokers already became expensive.. to my disdain I sold ELNA recently - the damned thing is up 50% during the last 2 days.. GRRR... all the best CROSSY

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