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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (764)6/27/2005 6:05:48 PM
From: Jibacoa  Read Replies (1) of 1404
 
IIJI was up more than 22% today and continued to do well AHs.<g>

It is trying to close its June 17 downgap after its hot moves in the early part of the month. It tried on Friday to close some of its May 31 upgap. (on June 17 was when it announced that it was cancelling its plan for an IPO in Japan because fewer than 300 "prospective new investors" had submitted purchase orders.(It seems the japanese are a little more cautious.<g>)

Although IIJI has a Debt/Equt around 1.54 (Its LTD is more than 163M), it has been reporting better revenues and earnings which have been on the black column for the last 3 Qs and it is expected to show a good comparison in the 1stQ (June) when it still had a loss of $0.03/shr in 2004

bigcharts.marketwatch.com

Its longer term chart looks "interesting" as the stock in 1999 traded above $130 <g>

bigcharts.marketwatch.com

Dai-Ichi Mutual Life Insurance Company reportedly owns more than 2.5M shares.

Bernard
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