I agree with your currency eval. . I don't think we can lose when buying quality. I'll be at E3 in Atlanta this weekend. I'll tell you my "insights" next week. Are you using any other sites to keep track of Sony's capital inflows?
As to the $/yen. stated one reason Sony would not do as well this year was the yen would return to 100yen/$ and Sony would not continue to benefit from weak yen. The way I see it we in the US will benefit either way. Stock is already cheap. I will either get 30% gain on currency change, 30% gain from earnings or have a low yen most of the year and get the 30% then have the currency go back to 100 and get another 30% for a 60% gain. Where can we lose. Famous last words? I don't think so and am buying on dips and smiling. Tony
Part of a Dow news article today. Appears some of my sarcastic comments about Morgan and Stanley were warrented. Go sne. I would rather have shares held by the pension funds than these tricksters. Morgan and Stanley appear to be buying against their downgrades. What I expected but not at all ethical.
Dow Jones Newswires -- May 13, 1998 Sony Shrs Up 2.1% Midday; Goldman, Salomon Active Buyers>SNE
TOKYO (Nikkei/Dow Jones)--Shares of Japan's Sony Corp. (SNE or
6758) are higher at midday Thursday as foreign brokers are buying to help add to gains scored during the past three days, a trader said.
At the midday break on the Tokyo Stock Exchange, Sony shares are
Y230, or 2.1%, higher at Y11,410 on volume of 699,600 shares.
The shares gained a total of Y630 over the past three days.
Goldman Sachs Japan was the most active buyer, while Salomon Smith Barney Japan and Morgan Stanley Japan also purchased the shares.
Morgan Stanley actively bought toward the close Wednesday.