| Imports
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Tedium
There has been a dearth of news coming out of the Japanese gaming
market in these past couple of days and the dry spell looks to continue until the
beginning of next week. Things on the USA front aren't much different but at least we get
to check out N64 Phantom Menace today or tomorrow. We'll skip Honda
Castrol GT for the Playstation... Secretly, we enjoy these periods of news void
since it gives our company a chance to return to position trading where we take large
blocks in certain equities and watch them move for (and against) us. Sometimes we let the
trade run for a couple of hours or a couple of days, depending on how far we're ahead.
Luckily, our trades this week have been nice and the recent volatility has been
beneficial. A few trades got away from us but we capped losses in those by installing pain
stops. Nothing worse than dead money in a poor trade that bleeds daily. You wince when you
look at it... |
| NCS |
Dreamcast Magazine
with DD2 GD
NCS will take delivery of the DC Magazine with the Dynamite Deka
preview disc tomorrow. We had hoped that it would arrive earlier in the week but we'll
take it for Friday. The magazine will be priced at the normal level of US$11.50.
Dynamite Deka 2 is expected next week on Wednesday or Thursday at US$55.00. |
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| Everything
Else |
Yen Equilibrium
/ 07:09AM
The past couple of days has shown us that the forex is seeking new
equilibrium for the dollar/yen trade. The upper band now appears to be Y125 while the
lower band is right around our short initiation level at Y121. The trade sits at Y124.10
this morning. Our buffer from all this activity was to open a long dollar position
yesterday to soften the squeeze that we're experiencing. We remain short the original
contracts but we will look to exit them at parity. New equilibrium takes some getting used
to. |
| NCS |
Capital Markets
/ 07:28AM
We've been stopped out a couple of times in the past two days but we
are still confident with the long SPH and are playing it that way. The market has taken
some heavy body blows with the Fed's change in bias and Rubin's resignation but it is
incredibly powerful and continues it's upward trend. Perhaps the bull run will end
miserably one day and ruin entire fortunes but until that happens, the party goes on. With
the dipsters roaming in force with rivers of money, the bull may run indefinitely.
Unthinkable? |
NSOL Update:
04.23.99 / 09:35AM Bought 1000 shares NSOL at 79 5/16
05.20.99 / 10:48AM NSOL at 70 5/16 |
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