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 (3500)	10/6/2003 7:06:11 PM
From: Crossy	Read Replies (3) of 3902

re: JEOL - 6951.J - already at 672 Yen This is really funny. Friday the buy order overhang was at 51 million shares. From this iceberg only 1.5m was resolved during 3 days ! The last time JEOL ran from 400 to 850 in 2002 the big moves occured on trading volume of around 10m in total. Now we have at least 5 times this buy side overhang. There's a real chance here that this goes to 2000 Yen and beyond ... REally funny IMHO.. Now the company only has +62m shares outstanding and is majority owned I think by NEC .. Float is below 40m for sure.. This looks like a "CORNER" situation to me where all shorters will loose their shirts bigtime. I there will be extra buying all the way up we will know that it is shorters' positions that are being cleared by margin calls. I love to hear this - feels so good, especially if you got that stock in your portfolio.. rgrds CROSSY

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