>>88990765A Anon named Slickback here, we got another week in the books let's look and see what happened.
COVER FUMBLES
After nearly breaking the 2300 ceiling, Cover collapses and instead goes out in the red this week at 2192 yen (-22). Performance wise it was rather promising, with them rising quickly an hour into the day. But Cover would suddenly collapse merely an hour after lunch, potential reasons could be due to investors cashing out at a perceived peak or short selling.
COVER’S WEEK IN REVIEW
Cover manages to continue to climb from last week with a 98 yen gain. But after a strong opening on Tuesday it seems they currently have plateaued. Which is likely due to people cashing out now at what may be their peak. However even in the short term it’s unlikely to stay put where they are next week with the Q2 report dropping. On the topic of the Q2 report however, it’s possible we have seen the reaction with the forecast changes last week. This doesn't mean we could see another spike, as we still lack information on costs/profits.
Still regardless of the optimistic yet uncertain expectations I have, Cover has at least managed to finally reach that sunset and catch up to Anycolor and even have a lead over them at times. Which is especially impressive considering Cover is in the Growth market, unlike Anycolor who are in the Prime market (that Cover has intentions of joining.) Currently, they see a minor 7 yen gap between the two so don’t be shocked to see them flip consistently as we continue. But for now we’re in an era where the two are equals, but for how long?
ANYCOLOR BARELY MAKES IT
Anycolor faces a similar story to their competitor in the market today, but manages to still be in the green at just 2185 yen (3) for the day. But their performance saw a slide after lunch rather than a steep drop unlike their competitor, which could potentially be due to Cover’s performance.
ANYCOLOR’S WEEK IN REVIEW
Anycolor saw a small 22 yen gain for this week overall. Overall there really isn’t much to say about them right now, they missed their chance to shoot for the moon last week. However, despite that the last 2 weeks seem to point at just the smallest of upward trends with a 94 yen gain since the Friday before last (2091 yen, October 25th). But considering their performances in the report and the month prior to this trend shows they aren’t safe yet.
OTHER
The NIKKEI sees a small 0.3% gain for this Friday.
Trading Volumes for your appetizer:
Anycolor: 445k
Cover: 7.27 Million
