Get started
Insomniac Games Acquired by SonyThe Japanese company Sony announced on Monday that it would buy Insomniac Games. As a result, this will make Insomniac the 14th internal studio under the Sony Interactive Entertainment banner. However, the firm has not yet closed the financial terms of the acquisition. And also, it did not give any information about it. Shawn Layden is the chairman of Sony Interactive Entertainment Worldwide Studios. Then, Layden stated, “Insomniac Games is one of the most highly-acclaimed development studios in the industry.” And he also pointed out the video game developer’s legacy of the best-in-class storytelling, and its gameplay is exceptional. According to the chairman, for years, they enjoyed a powerful collaborative partnership with the studio. And now, they will officially welcome them to be part of the Worldwide Studios family. “The addition of Insomniac Games to SIE WWS reiterates our commitment to developing world-class gaming experiences,” Layden added. And this is only available on the PlayStation platform. In addition to that, Insomniac Games founder and CEO Ted Price announced that the firm has now greater opportunities after joining the WWS. And it will help them achieve their vision of creating positive and lasting impressions on the lives of people. Price stated, “We’ve enjoyed a special relationship with PlayStation practically since our inception.” The CEO also showed how excited they were in this latest move for their growth with WWS partners. Above all, they aim to give fresh and new experiences for the fans. “Our partnership amplifies our potential, and Marvel’s Spider-Man was a testament to this,” Price added. Read more on FinanceBrokerage
TSE:6758
by Financebroker
Bonus Bonus chart: SoftBank weaknessCouple of things to unpack with Softbank, 9984: #1 Lower 78.6% high from previous peak #2 Previous peak was reversal off a massive long-term wedge resistance marking major tops from 2006 #3 Broke down from 30M SSR and key MA support #4 Softbank is super levered and materially dependent on unicorn valuations for its acquisitions to keep 9984 share price up. Softbank is now ranked up there with dumb money as it habitually overpays for acquisitions. 9984 paid $45 for Uber pre-IPO and no prizes for guessing the mark-to-market on that "investment". #5 Upward sloping wedges almost always breaks lower. Son almost lost everything during the tech bust, he has not changed his MO so why would this time be different?
TSE:9984
by WellTrainedMonkey
Mori-Gumi wave 4 bounce possibleHello, This post is for me primarily. Here is a relatively undervalued equity paying 4% dividends and a PE of 5. Just another stock that I have decided to chart in my search for undervalued Japanese stocks. If you think US, EU etc treasury bond yields are low try a negative yield in Japan. A 10 year bond returns -0.05% (yes negative) and a 2 year -0.156 as at the 15th of May 2019. Compared to submitting yourself to a guaranteed loss, some low to medium dividend stocks must start to look attractive to the market. Anyway, my post is conditional; A long entry may want to wait until a small rise and then a higher low being set before entering. Making it back to the 0.382 fib level would be over 60% and the 0.236 fib level: 32%. Now, I may have counted wrongly and the 5 wave, wave C down has already terminated (it is rather hard to tell given the price action). In that case, expect higher highs.
TSE:1853Long
by flyinkiwi10
Ueki Corp - points to significant Japanese equity undervaluationShort term - short (but not in a position so just waiting), Medium + LT term long. Why? Well a couple of reasons. Despite the retraction in sales and profits in the construction industry in Japan as evident from Ueki's results there are some rather signs of value. I haven't even started a full accounting of undervalued Japanese stocks yet but can see that I will likely buy because: - Ueki's market cap, for example, is almost 63% lower than its net assets. Compared to U.S. equities that is comparably significantly undervalued. As at December 2018 the average S&P 500 price to book ratio was 2.8 (and this was AFTER the December price drop). Compare that to a P/B value for Ueki of 0.35. i.e. The Company could be liquidated now and would return significantly more than the current price per share to investors. - Investment Banks are entering long the market - seeing the market as oversold: www.cnbc.com I also read an article a while back that said Morgan Stanley is advising clients to exit US equities which will cause many to look elsewhere in the US and overseas for better value risk adjusted returns: www.investopedia.com I'm not sure if that is the one though, - Likely due to having been in a 30 year bear market, the Japanese equity market likely has, on average, less downside risk as compared to US stocks: www.bloomberg.com - My TA points towards a significant appreciation of the JPY vs the AUD, USD, and EUR. If this happens, any returns will magnified. Despite its significant debt load (230% of GDP+) Japanese citizens are willing to take a financial hit buying government bonds with negative interest rates in order to support their Country. - There are likely better, if not more undervalued, equities out there than Ueki. I feel encouraged to search for some deals. Thanks for viewing
TSE:1867
by flyinkiwi10
Possible buy zone Sumitomo MitsuiWhile 3.76% dividend yield isn't very high it is better than voluntarily forfeiting your money to the Japanese government in the form of negative bond yields (I apologise for my apparent lack of civic duty). Still, I expect a bit of a retrace before heading higher. This is 100% based on the chart and 0% based on fundamentals, although, I may be looking into the Company a bit more in-depth should it hit my price expectations. Short-term bearish, yet for form a medium term view based on fundamentals.
TSE:1821Short
by flyinkiwi10
Fudo Tetra Corp 1385Hello, I was just searching for low PE / oversold Japanese stocks. I am interested to see if this plays out, as it will be much better value sub 750 and well worth a look. Short to medium term short and medium term long. If you can snag some shares around 600 yen each and it retraces only 38% of the previous deep drop (2004 - 2010) - the you could go 5x easily. I am not sure chat would cause an increase like that at this stage as I haven't looked deeper into the Company than the chart but will if my targets are met. Thanks for viewing.
TSE:1813Short
by flyinkiwi10
Softbank: Trading at top of megaphone patternSoftbank has come under increasing scrutiny for its eye-popping investments and corporate governance practices. Investing almost a billion into a company embroiled in a massive accounting fraud scandal (Wirecard) is not what I would characterize as best use of shareholders' capital. Starting from the 2009 trough, the stock has completed 5-waves up with the price action over the last 5 years culminating in a bearish megaphone pattern.
TSE:9984Short
by WellTrainedMonkey
Calbee 8 RRR shortTrading Methodology: 1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend. 2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point. 3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line . 4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line. This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
TSE:2229Short
by fiboracle
CERES the Japanese crypto cartel CERES TSE3696 has been acquiring stocks like crazy over the past 3 years, they are invested in most major exchanges in Japan. Such as 'BitFlyer' and 'Coincheck' since 2015. The fact they invested in them when it wasn't bubbly shows how smart the people working there are, later on after the infamous bitcoin bubble and hack. They didn't quit at all but acquired more company stocks like 'bitbank'(as of Oct 2018 it has the biggest trading volume in XRP according to coinmarketcap) and tried to create their own crypto exchange 'Mercury' as follow through. Crypto business is highly profitable is they can manage security properly, otherwise 'coincheck' which got hacked for 500 Million would NOT survive. And certainly, they've all learned a lot from their mistakes in 2017, further increases the probability of their success in the future.
TSE:3696Long
by JoE