Friday, September 5, 2008

Sony Corporation (SNE) and the Japan ETF (EWJ)

When I look at the Japanese Nikkei, I always look first at Sony Corporation (SNE) and the Japan ETF (EWJ).
Why Sony (SNE) ? I have traded that stock many times ; I guess we tend to stick to companies we know and understand.
After the walkman gadgets, Sony (SNE) produced a few more great products .... then .... nothing .... unless you like their TVs or PCs.
Anyways, Sony (SNE) has broken a key support level ; next target ? $30 ?

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