The unsung battle between Panasonic and Hitachi though long biased share-wise in favor of the latter seems to be sparking again, the announcement of a new restructuring and strategy within Panasonic resulted in a surge in the stock price by about 10% on November 17th. Above is the distinction before and after, prior to this announcement there was a steady uptrend during the week.
It's my speculation that psychological factors will result in momentum opportunity for Panasonic in the coming week as this news further proliferates among potential shareholders, driving the price up further; to perhaps be briefly contested as those who joined the frenzy early Friday seek to take profit.
Worth mentioning the stock might become increasingly volatile, should a technical pattern rise above the chaos, additional opportunities to short the stock could emerge.
Historically Panasonic has enjoyed immense success, it suffers in the wake of conservative elements running the corporation who lack the vision to mesh the product lines they've provided in a more modern marketplace, however; it is often best to bet on the side of Japanese technology.
Should their new strategy bring the corporation into the 2020's, their fundamental value might well rise with their new ambitions, making it a long position with a high upside and modest exposure to risk given their current valuation. In such a case the turbulence can be safely ignored in favor of steady growth.
Regardless of the case, it might be worth picking up a share or two just to watch what it does.
It's my speculation that psychological factors will result in momentum opportunity for Panasonic in the coming week as this news further proliferates among potential shareholders, driving the price up further; to perhaps be briefly contested as those who joined the frenzy early Friday seek to take profit.
Worth mentioning the stock might become increasingly volatile, should a technical pattern rise above the chaos, additional opportunities to short the stock could emerge.
Historically Panasonic has enjoyed immense success, it suffers in the wake of conservative elements running the corporation who lack the vision to mesh the product lines they've provided in a more modern marketplace, however; it is often best to bet on the side of Japanese technology.
Should their new strategy bring the corporation into the 2020's, their fundamental value might well rise with their new ambitions, making it a long position with a high upside and modest exposure to risk given their current valuation. In such a case the turbulence can be safely ignored in favor of steady growth.
Regardless of the case, it might be worth picking up a share or two just to watch what it does.