Janice, I don't know much more than you about Trans Cosmos, i.e. not near enough. I did have a look at the Japanese version of their financial reports (I hope they are also downloadable in English from www.trans-cosmos.com) but, given TC's lack of details regarding percentages of their various holdings, as well as a general lack of brains on my part (even after so many years of material existence I'm still trying to wing it), I admit that my TC investment is more of a mid-term momentum play in the Japanese updraft: deregulation of brokerage business bringing many people into online trading, i.e. pick-up of investment; heavy expansion of internet infrastructure; not enough internet stocks to absorb the cash that is beginning to drift into the stock market from the vast post-office-based savings; Japanese investors are beginning to enter the markets once again; Trans Cosmos is one of the few "fund-like" enterprises that allows an investor to spread herhis money over various Internet plays; right now, many investment funds are being set up here in Japan, and their money has to go somewhere, and Japan hasn't had its run yet; big institutional holders in TC; and various broker comments during the last few weeks that TC is still considered a laggard, as compared to Softbank.
Regarding TC's very recent drops: it's gone up like crazy, and people with year-end jitters take a little profit now. Don'tcha worry. Volume continues to be high, the stock is now much more in the public's eye, and we shall yet party.
I don't hold Softbank (but wish I did, and will). |
