I now like Sony as a long term hold.

I know that not everyone wants to be a leveraged short term trader.  So once in awhile, despite my understanding that stocks have zero intrinsic value, I will provide a more "main stream" stock pick. One that you can buy and hold for a few years without getting whipsawed on a daily basis.  In this first and original post on SNE from Feb of this year I indicated that I would "soon" be liking Sony (ticker:SNE) as a long term hold.  I provided a model, including the buy trigger for it, as well as the fundamentals (Abenomic is screwing the people out of their purchasing power and transferring it into the hands of those who most benefit from inflation (corporations and government).  Abe has shown even more will of late to run Japan's currency into the ground and one day he will succeed.  But it is a large flywheel and that will take more time.  Until then, the model says that SNE will likely triple to ~$60 before finding a peak and heading back down.

I followed up that post with a lower level discussion of the chart which you can find here.   SNE was trading in the $17 range at the time. Today it last traded at $20.16 and I think it is poised to move up quickly from here.  Remember how high this used to be and how far it fell.  SNE is not going away until ABE bankrupts Japan via hyperinflation.  While it will take some time to get there, he will eventually achieve his goal of destroying the currency so that the country can dismiss its unpayable debt and create the NJY (New Japanese Yen) just like Taiwan has the NTD and Israel has the NIS.  The whole fake money game is a complete scam but since so very few people really understand the scam of fiat currency and fractional reserve banking, the con men are free to just go on and on.

Of course, they also risk having it get out of control wherein the people kill them in the streets but that is a tangent for another day.

When SNE breaks above the 2013 high of $23 and change, the herd will begin to believe the breakout and the momo crowd will pile in.  I think you know that that will mean: a 3rd wave movement up.  That should take the shares to at least $32-$35.  Don't be surprised to find a gap up happen in there.

Of course, after it hits $60 in an a-b-c 5-3-5 fashion, dump it quick because my proprietary indicator suggests that the large falling wedge is a 3rd or a C.  Well, if it's a C then we should not get a-b-c back up.  We should see pure motive 5-3-5-3-5.  Since the entire global economy will probably have collapsed by end of 2017 per my TDAmeritrade Strategydesk economic reset predictor seems to think it will occur by then.  

Normally that would be a joke but since I know that the global debt Ponzi must collapse in spectacular fashion at some point, why not the end of 2017? Even before I created that post, 2017 has been my long standing warning point for this due to all the boomers flooding into retirement by then trying to collect up on all the un-keepable promises which have been made to them