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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 (3500)	10/6/2003 7:01:29 PM
From: Crossy	Respond to of 3902

Borb, how true.. I was lucky enough not to buy bluechips in JApan. Mostly because they lack focus and are a "portfolio" in itself, difficult to analyze, no pure plays.. the only drawback on smaller, secondary stocks is usualyl the large shareholding usually by major firms. Often they sell shares in the open market. Best smallcaps were those where the founder was the major shareholder. Another factor limiting potential stocks to flood the market are those firms where the controlling sharedholder has just a tad above 50%. If they want to continue to include the subsidiary's balsheet and P&L in group consolidated figures then that stake must not drop below 50% - essentially ruling out selling shares on the open market.. rgrds CROSSY

To: borb who wrote (3500)	10/6/2003 7:06:11 PM
From: Crossy	Read Replies (3) \| Respond to of 3902

re: JEOL - 6951.J - already at 672 Yen This is really funny. Friday the buy order overhang was at 51 million shares. From this iceberg only 1.5m was resolved during 3 days ! The last time JEOL ran from 400 to 850 in 2002 the big moves occured on trading volume of around 10m in total. Now we have at least 5 times this buy side overhang. There's a real chance here that this goes to 2000 Yen and beyond ... REally funny IMHO.. Now the company only has +62m shares outstanding and is majority owned I think by NEC .. Float is below 40m for sure.. This looks like a "CORNER" situation to me where all shorters will loose their shirts bigtime. I there will be extra buying all the way up we will know that it is shorters' positions that are being cleared by margin calls. I love to hear this - feels so good, especially if you got that stock in your portfolio.. rgrds CROSSY