Lance

A Look at Japan and What I'm Buying

Steven,

You continue to beat the drum (even if softly) for NIS (8571). But surely you must know that once a stock retreats far beyond the 100-yen line, the future, more often than not, is bankruptcy -- as in it just disappears, and shareholders get zip. Many institutions *must* dump the stock below 100 yen. Their charters require it. Okay, some issues are pushed below that line just for that reason. But somehow this doesn't look like the case here.

The issue is trading today (December 28, 2006) at 55 yen, (-2) (-3.51%), in a rip-roaring bull market.

The low is 48 ...

At some place ... you have to make a painfull decision, I reckon. Where would that place be? I mean other than zero, of course.

Regards,

Lance

Dislcaimer: I do not own, nor have I ever owned, nor, without a substantial explaination of the absurd stock splits and pink-sheet share price, would I ever own, NIS.