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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (35631)	7/2/2003 1:48:05 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi EP, <<Japan goes zoom>> ... to put in context, my Japan based sentinels Message 18211135 <<November 8th, 2002>> are just (in aggregate) at the value when I bought, with NTT Docomo up 19% Mitsubishi Tokyo Finance down 23% Mitsubishi Real Estate up 3% Chugs, Jay

To: energyplay who wrote (35631)	7/2/2003 2:14:11 AM
From: energyplay	Read Replies (1) \| Respond to of 74559

More on Japan - On the Bloomberg Asia Moneycast, Bhanu Baweja, a currency strategist for UBS in Singapoer, said he expects that Japan will allow some appreciation of the Yen between now and year end of 2003. He sees the Yen going down to about 108 per USD. He sees the Aussie dollar and the Swiss franc as the best currency bets (long) for the rest of the year. He expect 2 rate cuts by the ECB of 25 bp each. He also expects the Euro to get to about $1.25. My take - This Yen appreciation provides some protecion and an added bonus for buying Japanesse equities. With the Yen now at 119.3, that's about 9.5 % apprecaition in the next 6 months. Even a little bit of that (3%) added to market gains would be nice. The currency guy also said that it appears from UBS propreitary data that Europpeans continue to sell US securties, and the boom in US markets is from internal funds. My take on this - Since European investors tend to be heavily concentrated in large caps, index names, and large, visible multinationals, some of this head wind can be avoided by staying in small cap US stocks.

To: energyplay who wrote (35631)	7/2/2003 3:04:42 AM
From: energyplay	Read Replies (2) \| Respond to of 74559

Bought some EWJ - Japan I-shares today (actually July 1) Have put in orders to buy Matthews Japan Fund, MJFOX, at tommorrow's price. MJFOX has about 22-28% financials, which are doing very well. Bought more CHN, China closed end fund. Selling Natural gas E&Ps CWEI and CRED. Keeping Natural gas E&Ps TMR and KCS. Keeping Can Roys. Keeping SciClone SCLN, my one biotech play. I think we get a dip in the prices for most royalty trusts for the next few weeks. Most E&Ps look like they are rolling over or going flat for a while. I think there is a fire hose of money headed towards Asia, especially China and now Japan. Look at a 10 year or longer Nikkei 225 chart - in a trading reaenge for years, then dropped. Just going back to tradign range will produce wonderful profits.