There was selling pressure today because of news of tighter stock margin trading rules and since today is the last day of delivery of money for sold shares, and the market responded outright.
More Quotes from Mitsushige Akino:
In the current market, high techs are not exactly the target of investors' buying interest. Under these circumstances, it wouldn't help at all to post disappointing earnings.Mitsushige Akino
The market is filled with good leads today, including the stronger dollar and upbeat corporate earnings results, following a positive surprise last week in Sony's report.
Mitsushige Akino
The key factor from now on is demand in China. The peak of the company's performance has already been reflected in the share price.
Mitsushige Akino
Investors were keenly awaiting machinery orders, due out in the afternoon. However, the downside on the main indices was limited as investor hopes for a further rise remained pretty strong. An outcome (on the data) above the market consensus could set the stage for a further boost.
Mitsushige Akino
But strong buying interest appeared to beat profit-taking in the end.
Mitsushige Akino
Sony and Sanyo are coming up with more aggressive restructuring. But investors are now buying companies that can post strong growth without restructuring,
Mitsushige Akino
Readers Who Like This Quotation Also Like:
Based on Topics: Media & News Quotes, Money & Wealth QuotesForewarned, forearmed; to be prepared is half the victory.
Miguel de Cervantes
Every man judges his own happiness and satisfaction with life in terms of his possession or lack of possession of those things that he considers worthwhile and valuable.
Meir Kahane
Sometimes I don't even pull my shoes off for six weeks at a time, except, you know, just to take a shower. I just take breaks between 24 hours a day, just a break now and then, it don't take me long to rest; maybe 20 to30 minutes sometime, or maybe an hour.
Howard Finster