Sell-off Shuts Down Nikkei!

[Rod]

I just may jump in on the (I) since it should be rather cheap now.

http://www.cnn.com/2006/BUSINESS/01/18/asiastocks.wednesday/index.html

 

[LA_Guy]

I would wait until the dust had settle before jumping back into I fund.

 

[Wizard]

Good point. Anyone that jumped in after the damage on Monday and Tuesday is probably not to happy now.

 

[Cortez]

Don't try catching a falling knife Rod. Wait for it to bounce (maybe two or three times?) and then pick it up.

 

[sugarandspice]

The Nikkei will only be partially open for today. Now why do you think they would do that? Because there will be a huge rally? Because of huge buying volume? Probably safer to wait out this week.

 

[Wizard]

I was watching it last night. It was down 850 plus when they stopped trading and did a redo to down 440.

I know some people are saying they stopped it because of buying volume but that is total b.s.

 

[bkrownd]

Don't try catching a falling knife Rod. Wait for it to bounce (maybe two or three times?) and then pick it up.

People, you don't go all-in at once. You buy incrementally. Don't blow your reserves all at once.

 

[oldschool]

change positions incrementally

Thank you wise sensei.

 

[Rod]

I would wait until the dust had settle before jumping back into I fund.

Looks like it is settling... it's UP over 2% for the 19th.

I "dipped" another 20% in since there is still another 7% to be gained from the losses these past few days.

God Bless

 

[Rod]

People, you don't go all-in at once. You buy incrementally. Don't blow your reserves all at once.

Exactly

 

[Soldat]

Could be a sign that the bullishness will continue. Might be the proverbial "dead baby" bouncing before smacking the ground again. They, do, do that in Japan I hear.

 

[JOVARN]

TALK ABOUT DEAD BABY BOUNCE
THIS IS HOW WHITE COLLAR CRIME SHOULD BE DEALT WITH:

Tokyo Stocks Up at Open After Heavy Losses Day Before Amid Internet Scandal


TOKYO (AP) -- Japan's main stock market posted a strong recovery in the morning session Thursday, surging more than 2 percent on bargain hunting following two days of heavy losses sparked by an investigation into Internet portal Livedoor.
The Tokyo bourse is considering delisting Livedoor over the scandal.

IN A NEW DEVELOPEMENT, police said Thursday they found the dead body of an executive linked to Livedoor in hotel in Okinawa, in southern Japan. Hideaki Noguchi, vice president of H.S. Securities Co., was found Wednesday evening, according to local police spokesman Tatsuki Yara. Police suspect that Noguchi, 38, committed suicide, Yara said.

Noguchi is a former employee of On the Edge, the predecessor of Livedoor. H.S. Securities is among the companies raided this week by prosecutors in connection with fraudulent practices by Livedoor

 

[JOVARN]

The Nikkei (^N225 - news) gained 355.10 points to 15,696.28, its biggest one-day percentage gain since October 2005. It had fallen for the last three sessions, tumbling nearly 7 percent and wiping out more than $300 billion in shareholder value.

 

[LA_Guy]

I would wait until the dust had settle before jumping back into I fund.

Look like the Nikkei market is under control so I took a little risk and moved 50% into I fund this morning. Hope this is a right call

 

[LA_Guy]

Ouch!!! I fund is down almost 1% today.

 

[Cortez]

Stop trying to catch the falling knife. Will kill your account in the long run.

 

[LA_Guy]

Thanks for the advice. I should had practiced what I had preached.

 

[LA_Guy]

It was a worthy move