EQUITYOPPORTUNITY

Thursday, March 21, 2024

Forget NEXT week, a miracle manifested TODAY!

The biggest Japanese investment bank-cum-broker, Nomura, soared past its ¥980 high in 2013 at the height of the Abenomics euphoria, before losing 2/3 of that price by 2019, which was a year after I participated as an equity owner for the 1st time ever.

Heartbreak in 2021 when a+20% paper gain was wiped out & turned into an immediate paper loss when the Archegos debacle, in which the co. lost $2 billion financing the market rigging by a Korean fake rich wannabe, turned into redemption late last year when the stock price nudged above my ¥596.90 breakeven. Although I did sell 60% of my position for a ¥17,305.11 profit far too early on hindsight( in the ¥630 & ¥810 range), such things are highly unpredictable & nonetheless contributed to a much-coveted gain(+dividend) in advertising heavyweight Dentsu.

The coming days will reveal if it can convincingly bust through the ¥1,000 threshold, a level unseen since 2008!!!
The number of Japanese paper gainers also nudge up to a record 14 as Shindengen Electric rises 1.28% to pass the breakeven point of ¥3,133 on a long position initiated Dec 3rd & Fujisash sits right on its own breakeven point from a long position entered October 2020!


 

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