Replies to post #158606 on Zeev's Turnips Patch-No Politics (ZEEV)

[TheProphet]

Sold some Bu$$ from 12 at 29.5. Any thoughts on a number at which I should be greedy and get back in? Also, any thoughts on relative QCOM/RMBS valuations at these levels? Thanks.

[D2]

You have not missed much unless of course you were short the BUSS from 29.88.....{G}.

[Sinfonian]

Zeev, many thanks for your council. Appreciate you taking the time.

I got back in at 25.27 premarket for almost a .75 discount from 26 where I exited last night, and sold today for 29.32.

Guess it did pay off to not hold it overnight.

Currently watching. It sure has sat on around 28.5 for a while.

[Ace Hanlon]

Japanese Stocks: Is Another Upleg Coming?
Bank Credit Analyst

The recent strength of bank stocks signals that investors are becoming more bullish on the outlook for the Japanese economy and equity market.
Stocks were buffeted early last week by the yen’s surge following the G7 meeting, as investors initially feared it could short-circuit the economic recovery. But stocks are quickly recovering as evidence builds that the economy is on solid footing. Bank stocks are up 17% in the past week, buoyed by news that the profit picture is improving. The rise in bank stocks also indicates that the engine of growth is gradually shifting to domestic sectors and away from currency-sensitive exporters. The bottom line is that the next phase of the ongoing Japanese cyclical equity bull market is beginning.


 
This report was published by Daily Insights.