Lance

Nikko Cordial Up 13% on Rumor Citigroup May Boost Stake

One of the tabloids (not NHK or Nihon Kezai Shimbun) is reporting this morning that Nikko will be delisted. This cannot be confirmed by mainstream journalists as yet, and may in fact be price more of the blatant manipulation that is part of this "modern" market in Tokyo.

Seven minutes before the open, Nikko is being quoted limit down (but so are a lot of others today, and that will change) 1147, about 6.5 million to sell and 3.8 million bid. If it stays that close, the stock will almost surely *not* open limit down.

But it might close there.

Bid is increasing now with 5 minutes to go -- should be unpleasant for speculators who have recently joined the fray, but I would expect an open above limit. Ya never know here, however. ^_^