>>82028966Week Watch anon here, it's time for a proper week in review! We're gonna go over what has happened but first off we definitely need to talk about what's going on in Japan overall to give us context.
(Report on Friday's performance can be found here!
>>82024655)
A QUICK LOOK AT JAPAN
The NIKKEI overall has been in a tailspin these past few weeks, since they're peak in July (July 11th) to the end of the month saw a loss of 7.39%. However the match to start this wildfire was the announcement after the 31st that there would a interest hike for the first time since 2007. With the two days after culminating to a 8.16% loss for the NIKKEI. Keep this is mind in regards to the losses from the two corpos this week.
ANYCOLOR'S TERRIBLE WEEK
Anycolor's week has only made the future of the company look more uncertain this week, as they saw a initial 73 yen gain slowly, then suddenly plunge down to a 244 yen loss overall. With the main event of course being their shareholder's event, which only shows that Anycolor has only reclined from the as reportedly they only retained a 1/3rd of a audience compared to last year and their inability to give direct answers to their questions. However they're slow losses leading up to this would be fast tracked with the NIKKEI crashing as they return to their Pre-Q4 Report prices. And considering their bearish trends since the end of the buyback, it's uncertain if they'll recover if the market rebounds.
Overall Anycolor is back to square one, albeit probably not their fault this time around. But it's unclear if they'll rise with the tide if the NIKKEI recovers considering all that has happened.
COVER'S ALSO TERRIBLE WEEK
Cover's week can also be summarized like Anycolor's for the most part, with the omission of a shareholders meeting. With a 190 yen loss for the week, Cover now sees a 402 yen loss for the past 3 weeks. And considering they're lax attitude towards investors, I think they're stocks could also be bearish.
Overall, shits fucked in Japan. And if things continue at their current rate we may be looking at a historic week. I'll see you in a few days to see if that happens.