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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?

To: borb who wrote (3083)	7/2/2002 8:55:40 PM
From: Crossy	Read Replies (1) \| Respond to of 3902

Borb, you are exactly right. JAPAN now emerges as the way to play on renewed US economic strength. Odd situation but only explainable by the dismal sentiment in the US domestic market.. Meanwhile do you remember Nihon Inter (NIEC) 6974.J ?? I called this one around 250 Yen... Message 17580194 Days ago it broke out off its base, beyond 285 Yen. It was up in a mixed market. Today it cleared the 300 Yen hurdle. The turnaround is now confirmed, as the firm expectes to earn aroun 25 yen per share for FY2003 (current year). This means forward PE of 12 at current valuation and a PSR of around 0.35. Way too low. And believe it or not, no coverage yet .. biz.yahoo.co.jp the other Japan stocks in my portfolio are just going sideways. But NIEC is moving up strongly on record volume of 200k shares a day and more.. keeping my fingers crossed.. CROSSY

To: borb who wrote (3083)	8/22/2002 10:53:51 AM
From: Professor Dotcomm	Read Replies (1) \| Respond to of 3902

Sorry Borb, been away since June 19. Therefore my answer has the advantage of a bit of hindsight. No. Apart from several recurring (and profitable) uplifts, I can't yet see the Japanese market recovering in any durable form. As I said earlier we have to wait for fundamental reform to take place - something which the Japanese leadership seems inexplicably reluctant to face. Mind you I can't see much progress in the US either - at any rate not to the point where the Dow is around 15,000 or the Nasdaq at 3,000 or 4,000.