Lance

Nikko Cordial Up 13% on Rumor Citigroup May Boost Stake

Ah yes. The manipulators are in full force today, what with a somewhat weakish futures market. 12:40 PM here, and Nikko has suddenly resumed its rock-like behavior, trading now at 1271 (-100 roughly) off an order-imbalance up opening.

As I said weeks ago, there is no sense trying to trade this stock. Money management cannot be accomplished under these circumstances. You either believe what you believe and are in ... or out.

The market is beginning to suggest that "out" is the way to go. But the Tokyo market is known for blatant deception.

Before I can even get this off, Nikko is back to 1308, which is only comforting to the people who did not buy yesterday, or this morning.