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[amibroker] Re: the joy of being almost flat



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Yuki,
you had a -4.2% on 22/9/2003 in TokyoSE.
Was that day similar to the last one [if you still remember that 
^N225 session?]
Were last day sellers more aggressive ?
Any [personal] estimation for the next two ^N225 bars ?
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, Yuki Taga <yukitaga@xxxx> wrote:
> Don't know what the US holds in store for everyone tonight, but the
> Nikkei/Topix was about as ugly as it gets today.  What wasn't down 5
> percent was down 9 or 10 percent.  I only exaggerate slightly.  ^_^
> Nikkei futures off 600 (!) and the broad-based Topix, which closed 
at
> 1105 on Monday (yes, four days ago) closed at 1017 today.  Can
> anybody say distribution?  ^^_^^
> 
> Fortunately, I was about as flat as I get.  Only thing I had was a
> very small piece of a mainline pharmaceutical that lost 2 percent,
> but I lost almost nil as it opened almost unchanged, I stepped out
> immediately, and re-entered on the close. Baby and bath water, out
> the window today. Of course we've been absolutely frothy of late, 
and
> this was an accident just waiting to happen.  I was holding the
> pharmaceutical only, figuring that the group has just about missed
> this entire year's move, and if the froth turned out to have staying
> power somebody might decide the group looked cheap -- certainly 
there
> are precious few bargains elsewhere right now. And if the froth was
> indeed just that, I knew at least there was no air pocket in that
> sector.
> 
> I bought 10,000 Nomura (once the world's largest brokerage firm back
> in the bubble days) at 1900 last Thursday.  I sold it Friday at 
1950,
> and then watched in absolute horror as it exploded on Monday to 
close
> at 2120 at our lunch break (ugly amount left on the table, but I was
> also very aware of the aforementioned froth). It closed today at
> 1786. ^_- This is *extreme* volatility, folks.  That stock as a long
> term ATR of about 40.
> 
> Yuki


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