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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: velociraptor_ who wrote (13954)3/30/2001 12:34:26 AM
From: bob3nc  Respond to of 37746
 
Velo

Friday March 30, 12:27 am Eastern Time
Tokyo stocks pare gains in jittery year-end trade
TOKYO, March 30 (Reuters) - Tokyo stocks trimmed gains by midafternoon on Friday as traders were discouraged by what they considered an insufficient rise earlier after anticipating hefty buying by public funds on the last day of the business year.

``People bought shares this morning, counting on a much higher market on the back of year-end 'window dressing'. Those hopes were unfulfiled, at least so far,'' said Hiroshi Sato, equities general manager at Cosmo Securities.

That prompted earlier buyers to unwind their long positions, traders said.

PC and chip maker Toshiba Corp , which was among the issues that benefited from such buying in the morning, was down 1.22 percent at 731 yen. They rose more than two percent in the morning.

The benchmark Nikkei average was up 18.03 points or 0.14 percent at 13,090.39 at 0504 GMT, while the capital-weighted TOPIX index (^TOPX - news) was down 0.20 points or 0.02 percent at 1,285.00.

The Nikkei ended the morning session up 2.45 percent.



To: velociraptor_ who wrote (13954)3/30/2001 12:47:53 AM
From: Sharck  Read Replies (1) | Respond to of 37746
 
V, wwfn.com Guess they are waiting for a recovery from this side of the Pacific. BTW, the ole gut tells me they may not wait long. I feel we are poised for a strong break out to the upside. Didn't say it was based on fundamentals mind you. Speaking of the upsurd, did anyone catch Bush's address 2nite. Got to give him credit for turning the tide of popularity on his vocabulary liability, and may I add, he did it quite graciousnessly.