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Advanced Digital Inform. (ADIC) Message Board

  • moedamnmoney moedamnmoney Aug 12, 2004 10:27 PM Flag

    Oh crap! Japan tanking due to GDP!!

    Gonna be an ugly trading day tomorrow.
    -- By Osamu Tsukimori, CBS Last Update: 9:03 PM ET Aug. 12, 2004
    TOKYO (CBS.MW) - The Nikkei was sharply lower by midmorning Friday as shares fell almost across the board after the government released much weaker-than-expected Japanese gross domestic product figures. ... The Nikkei Average was down 187.99 points, or 1.7 percent, to 10,840.08, after falling as low as 10,819.08 earlier. ... they expected Japanese GDP to be 4.1% annualized and it was only 1.7%.
    -- Sorry to be the bearer of more bad news, but 8:30 tomorrow the US reports trade deficit numbers and consumer sentiment for July too.
    -- Triple ugh! ADIC AH up to $8.75, but ONLY on 11,900 shares.
    CBS MW: After Hours: 8.75 +0.26 3.06% 11,940 shares.
    -- Conclusion: put your money in a mattress, or better yet, gold. MD$

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