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Sony Corporation Message Board

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  • Powderdog_97 Powderdog_97 Apr 24, 1998 6:37 AM Flag

    DSP application form..where is it?

    Tokyo market has been up like 2% while we slept. Most buying coming from Japan. Article I read this morning says foreigners
    are still net sellers. This started a few days ago. Makes buying this market a bit contrairian, which doesn't bother me. I
    usualy go with my convictions and as positions are net winners to date I see reasons to remain bullish on Japan. Staying firm on my
    long term dollar down against the yen and looking at recent dollar rally as a buying oppertunity (followed most recently by yen
    rally). The market in Japan should have adjusted to keep us from geting this nice discount on their profitable companies but didn't.
    It didn't becouse of asia crisis. I think the people pulling out believe problems are perminent and the $ is king. I think
    there are to many $'s. Japan stopped sopping up all the excess dollars (5 bil trade imballance and growing last month) and even
    will defend buy selling T's. They have the amunition and to think otherwise must be some form of new math. Sony is a very
    profitable company and a week yen only serves to make it more so. Am I missing something or simply going to be wealthier than the non
    investor in sne, fujiy, etc.? Tony

 
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