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 12:39:48 PM
From: Crossy	of 3902

re : 6951.J JEOL LTd. - Stock jumped from 400 Yen to 552 Yen over the last 2 days. And it's still not really trading - only an "INDICATION". 40m buying interest, only 600k willing sellers, stock moved up 20% on each of the last 2 days - according to TSE regulations that is the maximum a stock can move per day.. Since the market hasn't cleared yet the order book is extented to the next day .. on and on.. I wonder at what Yen amount this procedure will stop. Judging from the overhead it looks like above 800 yen, maybe 1000 Yen.. Funny - I never had anything like this.. Reason for this odd surge on huge volume (40m unsatisfied buying interest) is the development of a high tech energy storage device. Conceptually like a capacitor but efficient like a battery wrt. energy density. JEOL called the device "nanogate capacitor", it's made of charcoal and alumina and is their first offshoot from a nanotech related venture they set up on energy research.. Frankly I didn't buy JEOL because of this but because they are a world class METROLOGY maker and because at Price/Sales of 0.25 (at 350 Yen) this stock was ridiculously priced.. IT's still cheap but I doubt it will trade much before 1000 yen again, which would be a fair value freestanding (WITHOUT ! the nanotech project IMHO) so it's an exciting story still.. Let me link to some japanese sources also.. headlines.yahoo.co.jp headlines.yahoo.co.jp headlines.yahoo.co.jp charge.biz.yahoo.co.jp all the best CROSSY

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