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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: Gus who wrote (15580)	12/5/2003 2:41:44 AM
From: Sam Citron	Read Replies (1) \| Respond to of 17183

You can check out any time you like But you can never leave I'm willing to bet that's about to change. I can see your concern if you are an institution. 10,000 shares a month is not enough volume for most institutional investors. Liquidity traps are bad enough for individuals. For institutions they are killers. But a triple is a triple, and that's a pretty good rate of return over the past two years, especially for a Japanese company. I suppose that the major owners of Nidec are probably the worldwide zaibatsu that have JVs going with them. And at least among Japanese financial institutions, these cross-company ownership positions are being unwound. Japan Inc. is undergoing tremendous structural change and this is part of the reason the trading of Japanese securities on the NYSE has risen tenfold over the past 8 years. nyse.com Nidec's American listing two years ago and brand new IR office is part of a smart globalization strategy that I think is bound to succeed. Next month's ADR ratio change will make the shares more palatable to small American retail investors, as the specialist (Bank of NY) will no longer snooze when a retail investor wants to place a $2,500 order as I did today. I'll be very surprised if the average daily trading volume doesn't rise at least four-fold. You might think I'm a fool for even trying to check in to Hotel Nidec, but I'll take my chances. Liquidity always starts at the bottom. Do you think the IRS would mind if I deduct a trip to the annual shareholder meeting in Kyoto next year? <g>