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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 (3489)	10/3/2003 12:31:54 PM
From: Crossy	Read Replies (1) \| Respond to of 3902

borb - the JAPANESE market is now consolidating solid fundamental data and I think is ready to move to new highs - 20000 for the Nikkei 225 would not surprise me over the next 12 months.. Currency woes were sidelined and I think that around 100 Yen to the dollar the buying pressure on the Yen will come to an end.. IMHO good time to buy CONSUMER stocks shipping to the domestic Jap. industry now.. Like Beverage Makers, advanced building materials, Foodstuff, Consumer staples, Personal care, Pharma - especially OTC etc. maybe also service stocks geared at consumers (not business) but I do not have a pencheant for this group per se.. I see the brokers already became expensive.. to my disdain I sold ELNA recently - the damned thing is up 50% during the last 2 days.. GRRR... all the best CROSSY

To: borb who wrote (3489)	10/3/2003 12:39:48 PM
From: Crossy	Respond to of 3902

re : 6951.J JEOL LTd. - Stock jumped from 400 Yen to 552 Yen over the last 2 days. And it's still not really trading - only an "INDICATION". 40m buying interest, only 600k willing sellers, stock moved up 20% on each of the last 2 days - according to TSE regulations that is the maximum a stock can move per day.. Since the market hasn't cleared yet the order book is extented to the next day .. on and on.. I wonder at what Yen amount this procedure will stop. Judging from the overhead it looks like above 800 yen, maybe 1000 Yen.. Funny - I never had anything like this.. Reason for this odd surge on huge volume (40m unsatisfied buying interest) is the development of a high tech energy storage device. Conceptually like a capacitor but efficient like a battery wrt. energy density. JEOL called the device "nanogate capacitor", it's made of charcoal and alumina and is their first offshoot from a nanotech related venture they set up on energy research.. Frankly I didn't buy JEOL because of this but because they are a world class METROLOGY maker and because at Price/Sales of 0.25 (at 350 Yen) this stock was ridiculously priced.. IT's still cheap but I doubt it will trade much before 1000 yen again, which would be a fair value freestanding (WITHOUT ! the nanotech project IMHO) so it's an exciting story still.. Let me link to some japanese sources also.. headlines.yahoo.co.jp headlines.yahoo.co.jp headlines.yahoo.co.jp charge.biz.yahoo.co.jp all the best CROSSY