Japanese bull market ahead - Page 3 - Business, Finances and Investing Forum

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04-09-2013 , 12:25 PM

#51

jamakine

adept

Join Date: Feb 2012 Posts: 709

Quote:

Originally Posted by actionzip54

No because the Street is usually wrong when there is a consensus on any assest class.

There is never consensus, that is how the asset prices are discovered.

Quote

05-09-2013 , 02:16 PM

#52

donkeykong2

Pooh-Bah

Join Date: Jan 2007 Posts: 3,567

up 35% since thread start!!! booooooom!!!!
and still a lot of potential!

Quote

05-20-2013 , 08:58 AM

#53

rwillia789

adept

Join Date: Mar 2010 Posts: 927

donkeykong gets one right with a clean move for once! whats your exit point?

Quote

05-20-2013 , 09:03 AM

#54

donkeykong2

Pooh-Bah

Join Date: Jan 2007 Posts: 3,567

20000 is when I will consider selling. but id probably try to ride on the wave until a major indicator is crossed. it think this probably wont stop at a fair value valuation but way above as monetary policy just seems hugely expansionary right now.

Quote

05-23-2013 , 03:14 AM

#55

O.A.F.K.1.1

Ted Patrick

Join Date: Dec 2007 Posts: 27,952

bump.

Quote

05-23-2013 , 04:39 AM

#56

NiSash1337

Carpal \'Tunnel

Join Date: Dec 2010 Posts: 9,185

boooooooooooooomm aahahahaha

But well he still is 27% up!

Quote

05-23-2013 , 03:43 PM

#57

donkeykong2

Pooh-Bah

Join Date: Jan 2007 Posts: 3,567

haha, still up 35%, uptrend still intact.

Quote

05-23-2013 , 04:05 PM

#58

Jaug

journeyman

Join Date: Jul 2010 Posts: 340

Thinking of shorting Sony, what do you guys think?

Quote

05-23-2013 , 05:49 PM

#59

rwillia789

adept

Join Date: Mar 2010 Posts: 927

why would you do that? http://www.youtube.com/watch?v=KbWgUO-Rqcw

Quote

05-23-2013 , 05:55 PM

#60

pk_nuts

adept

Join Date: Dec 2005 Posts: 951

First post in here in BFI. Bought 100 shares of DXJ at 50.09.

Good or bad?

Quote

05-23-2013 , 06:40 PM

#61

guller

adept

Join Date: Dec 2004 Posts: 833

Depends on the next few days, but probably okay.

I'm in for some at 47 and some more at 51 and I held through the carnage today.

Quote

05-26-2013 , 01:31 AM

#62

ff2017

centurion

Join Date: Jul 2010 Posts: 199

Quote:

Originally Posted by pk_nuts

First post in here in BFI. Bought 100 shares of DXJ at 50.09.

Good or bad?

You should tell us relative position size, time frame, risk tolerance and reasoning before we vote thumbs up or down.

Quote

05-26-2013 , 04:09 AM

#63

jamakine

adept

Join Date: Feb 2012 Posts: 709

Quote:

Originally Posted by pk_nuts

First post in here in BFI. Bought 100 shares of DXJ at 50.09.

Good or bad?

A good way to start investing is asking why (not what).

Certainly 2+2 polling is not a way to beat / predict the markets.

Quote

05-27-2013 , 04:10 PM

#64

pk_nuts

adept

Join Date: Dec 2005 Posts: 951

Quote:

Originally Posted by ff2017

You should tell us relative position size, time frame, risk tolerance and reasoning before we vote thumbs up or down.

Risk tolerance is high. I don't need the cash for anything any time soon. Mid
30's still earning and plan to do so for another 30 years or so. I have a decent cash backstop to get by for 6 months or so in case of work stoppage.

DJX is about 25% of my current portfolio.

The rest is in the US stock market. This is my first venture outside of the country so to speak but I have been considering an investment in the Tips.
Any ideas of a good etf or mutual fund I can cost average quarterly with the tips?

I'm sell stopping at 20% below my entry point. Not exactly sure what the exit strategy is but am thinking some around 120-125 yen.

Quote

05-27-2013 , 05:09 PM

#65

actionzip54

banned

Join Date: Aug 2009 Posts: 2,855

Your timing could be pretty epically bad here. I'd be making sure I held true to that 20% stop.

Quote

05-28-2013 , 10:04 AM

#66

pk_nuts

adept

Join Date: Dec 2005 Posts: 951

Quote:

Originally Posted by actionzip54

Your timing could be pretty epically bad here. I'd be making sure I held true to that 20% stop.

Stop loss is an @ 40.50

Quote

05-28-2013 , 10:07 AM

#67

pk_nuts

adept

Join Date: Dec 2005 Posts: 951

Should make a note that I don't trade after hours and since this the Japan stock exchange it could get tricky if volatility gets really bad over there. But I should be able to find some kind if exit point near my target.

Quote

06-03-2013 , 08:03 AM

#68

Truthsayer

banned

Join Date: Nov 2012 Posts: 2,251

Quote:

Originally Posted by donkeykong2

up 35% since thread start!!! booooooom!!!!
and still a lot of potential!

Quote:

Originally Posted by donkeykong2

20000 is when I will consider selling.

So did you sell?

At the peak it was up 45% from your initial post, now it's up 25%. With currency conversion costs (JPY has massively depreciated), it's up only 12% (if you bought in USD and then coverted back to USD on sale), which is on par with the NASDAQ, S&P 500, etc.

So have you/are you selling out or are you going to ride this hopefully higher?

Quote

06-06-2013 , 06:11 AM

#69

rwillia789

adept

Join Date: Mar 2010 Posts: 927

im buying at 12300 if we go down there in next couple of weeks

Quote

06-07-2013 , 05:56 AM

#70

rwillia789

adept

Join Date: Mar 2010 Posts: 927

closed out for 590 tick profit

Quote

06-07-2013 , 07:24 AM

#71

ahnuld

Carpal \'Tunnel

Join Date: May 2005 Posts: 17,592

but we never got that low?

Quote

06-07-2013 , 07:25 AM

#72

ahnuld

Carpal \'Tunnel

Join Date: May 2005 Posts: 17,592

Quote:

Originally Posted by ahnuld

I did this last week but I bought puts on yen futures. Implied vol seems cheaper in the futures market, although you cant put on small positions since each notional contract is for 12.5m Y

losing on this now, but I like the options because I can ride this out.

Quote

06-09-2013 , 06:48 PM

#73

rwillia789

adept

Join Date: Mar 2010 Posts: 927

rolling daily nikkei225 had a low of 12285 according to my chart

Quote

06-09-2013 , 11:20 PM

#74

actionzip54

banned

Join Date: Aug 2009 Posts: 2,855

Anyone else think that the nikkei is a short/ yen a long after this rally out of these really oversold conditions. Looks to me like a classic bubble top and if you look at most of these things they almost all have a nice sharp rally higher that you can fade.

Thoughts?

Quote

06-09-2013 , 11:37 PM

#75

The Financier

veteran

Join Date: Nov 2008 Posts: 2,322

Quote:

Originally Posted by actionzip54

I think you should wait until the BoJ meeting tomorrow night for direction but if I had to guess, if treasuries keep getting sold, then USDJPY is going higher.

Quote

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