| Author |
Message |
     holycow
Member
Username: holycow
Post Number: 1498
Registered: 08-2004Rating: N/A
Votes: 0
|
| | Wednesday, July 27, 2005 - 12:26 pm: |  
|
BJT Daily
1) This one came across by accident, after tracing through some "movements" here is what has happened - see chart; I don't know what these funds are, but if I have to guess they are most likely to be some kind of hedge funds.
2) I can't explain why the volume on July 8 is lower than the total number of shares sold by Oz Management, so you may treat this whole episode of detective work as a "dud";
3) It will be interesting to watch if BJT will recover from this short term fund raid, and the time it needs to recover;
4) Here is a conjecture - if this represents what is happening at or around July 21 where the market was breaking out and at its all time peak then, what is the chance that other short term funds are thinking of the same thing - pulling out and take their profit with them?
It's your call.
HC
"... if you've got a chart, I have an opinion!"
|
holycow
Member
Username: holycow
Post Number: 1499
Registered: 08-2004Rating: N/A
Votes: 0
|
| | Wednesday, July 27, 2005 - 12:52 pm: |
|
a couple more comments...
1) it strikes me that these funds have shown "they" have what it takes - their timing has been pretty spot on;
2) they have shown another aspect of "good trading" - they are not greedy - it comes across they have some kind of profit target and once it is achieved, they exit without hesitation - this may be due to the relatively large position they are holding.
It's not hard to see the average stock traders are up against some very good opponents who have both skill and capital in this market - it pays to be cautious and not to take the market for granted, especially at the current market cycle where the stocks are priced to perfection and there's no room for mistakes.
Subscribe to our FREE
monthly updates
Subscribe to regular Incredible Charts
updates, with new articles on Trading
Strategy, Trading Psychology, Money
Management, Tricks of the Trade,
New Indicators and the Economy.
|
|
|
|
HC
"... if you've got a chart, I have an opinion!"
|
holycow
Member
Username: holycow
Post Number: 2021
Registered: 08-2004Rating: N/A
Votes: 0
|
| | Monday, November 07, 2005 - 03:45 pm: |
|
... here's a stock idea - you have seen how bullish the Nikkei chart is - have you been wondering why? My guess is the "investors" and many foreign funds are bullish on the Japanese economy. It has recovered quite well really and recently I even heard the Japanese central banker was telling people why it has to raise rate... a sure sign that the economy is doing well. The closest stock that has direct dealing in Japan others than the miners I think is this one - BNB Japanese Property Trust Fund I think. I have not done any serious work on it yes but after I check out the chart I realise there are "quicker" smarter people than moi... it has already gone up quite a fair bit since the last time I looked at it. So, may be this one is worth looking deeper?
BJT Daily - Nov 7
HC
"... if you've got a chart, I have an opinion!"
|
holycow
Member
Username: holycow
Post Number: 2100
Registered: 08-2004Rating: N/A
Votes: 0
|
| | Thursday, November 17, 2005 - 01:50 pm: |
|
17 November 2005
ASX Announcement
BABCOCK & BROWN JAPAN PROPERTY TRUST SUCCESSFUL COMPLETION
OF INSTITUTIONAL NON-RENOUNCEABLE ENTITLEMENT OFFER
Babcock & Brown Japan Property Trust (the Trust) (ASX:BJT) today announced the successful completion of the institutional component of the 10 for 18.835 nonrenounceable
entitlement offer at an application price of $1.52 announced on 16 November 2005.
Allotment of new units under the institutional offer will occur on 25 November 2005.
Eric Lucas, Managing Director of the Trust’s responsible entity Babcock & Brown Japan Property Management, said “we are very pleased with the institutional response to the entitlement offer and the support that has been shown for the
proposed portfolio acquisition from both Australian and international investors.
“The institutional offer was substantially over subscribed. As a result, we were able to satisfy existing institutional unit holder demand only to the extent of their entitlements. The strong demand from institutions who were not unitholders was not able to be satisfied.”
The retail entitlement offer to qualifying unitholders will open on 23 November and close on 9 December 2005.
HC
"... if you've got a chart, I have an opinion!"
|
holycow
Member
Username: holycow
Post Number: 2101
Registered: 08-2004Rating: N/A
Votes: 0
|
| | Thursday, November 17, 2005 - 01:54 pm: |
|
BJT Daily Nov 17
HC
"... if you've got a chart, I have an opinion!"
|
holycow
Member
Username: holycow
Post Number: 2172
Registered: 08-2004Rating: N/A
Votes: 0
|
| | Monday, November 28, 2005 - 04:25 pm: |
|
Foreigners buy into Japan’s recovery
>By David Turner in Tokyo (... source: FT)
>Published: November 27 2005 18:12 | Last updated: November 27 2005 18:12
>>
Foreign buying of Japanese stocks has reached a record level as global investors buy into the country’s economic recovery.
Overseas investors bought Y9,441bn ($78.9bn) more in Japanese shares than they sold in the year to November 18, according to the Tokyo Stock Exchange. The figure includes trading on the Osaka and Nagoya exchanges and beats the previous record of Y9,127bn in 1999.
Feverish overseas interest has been the biggest reason behind Japanese stocks’ sharp rise. The Tokyo Stock Price index climbed 33 per cent to 1,529.67 by last Friday – though the rise is still dwarfed by the near 60 per cent increase in 1999.
Shoji Hirakawa, chief equity strategist at UBS in Tokyo, said: “One of the reasons foreign investors are buying Japan is for the rebound of the global economy, and the second is for Japan’s restructuring story.”
In spite of many years of poor performance, the Japanese stock market remains the world’s second largest and foreign investors are drawn to sectors that have undergone successful reform, such as banking.
But the strong interest shown by foreigners contrasts with the scepticism of Japanese institutional investors, who are still net sellers.
For this reason, Japan bears regard this year’s share price rally as very fragile. However, Mr Hirakawa said domestic institutions had lost out by being too cautious.
Foreign buying of Japanese shares has exceeded selling for 23 straight weeks, helping to push up prices to the point where, by measures such as the dividend yield, Japan seems expensive compared with other countries.
Foreign hedge funds, which were strong net buyers of Japanese shares earlier in the year, have trimmed long positions in the country’s equity market, said market watchers.
However, most analysts do not expect foreigners to become net sellers for the rest of the year.
HC
"... if you've got a chart, I have an opinion!"
|
kate
Member
Username: kate
Post Number: 209
Registered: 04-2005Rating: N/A
Votes: 0
|
| | Monday, November 28, 2005 - 05:01 pm: |
|
BJT is a property fund, problem is nobody on the forum (I think it was discussed about 3 months ago in short term stocks)seems to know how much about the Japanese property and share cycle timing eg does one market follow the other or do they rise together?
|
holycow
Member
Username: holycow
Post Number: 2173
Registered: 08-2004Rating: N/A
Votes: 0
|
| | Monday, November 28, 2005 - 05:25 pm: |
|
Kate,
I think the Japanese property market has been depressed for years due to it being one of the bubbles that caused the Japanese meltdown. From memory, in the last few years, I had been reading about foreign funds (mostly US and Asian) been quietly buying up Japanese property - mainly as a result of banks restructuring. What we are seeing now is the culmination of all those buyings.
In my view, BJT is a late comer, so is MBL. But typically the property market will take a while to get "hot", I reckon this phase of the Japanese market (both property and stock) is just the beginning (Weistein's early stage 2); and judging by the scepticism of the Japanese as reported, I reckon this is still early days.
This view is probably reflected by the over subscription of the BJT's recent rights issue (@1.52) where the insto portion were over subscribed. If I take the current sp at 1.675 as a reflection I think there are quite a few bullish "foreigners" here.
Is BJT worth watching? I reckon it is. The only down side in this company, I think is the manager of this fund - they are a bunch of super greedy leeches.
Cheers.
HC
"... if you've got a chart, I have an opinion!"
|
holycow
Member
Username: holycow
Post Number: 2174
Registered: 08-2004Rating: N/A
Votes: 0
|
| | Monday, November 28, 2005 - 05:33 pm: |
|
Nikkei 225
HC
"... if you've got a chart, I have an opinion!"
|
|
