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Technology Stocks : Softbank Group Corp

SFTBY 13.85

+7.2%

Feb 6 9:30 AM EST

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To: Yamakita who wrote (2602)	12/5/1999 5:12:00 AM
From: Seeker of Truth	Read Replies (1) of 6021

Many people think, "China has 1.3 billion people!! I'll buy this China related stock and get rich." Statistically it has to be true that almost every day in China some company, owned and run by Chinese people, goes bankrupt. Operating in a country with 1.3 billion people doesn't save them. The idea that China relatedness guarantees a big profit is so foolish in my mind that I shorted China.com which imho has nothing much more going for it than the name. P.S. I lost a bundle. Please don't any of you repeat my mistake. Don't get trampled by all the feet. Jay has just opened my eyes to an amazing new world in which you don't primarily look at what is sold, but at the stream of buyers. The prospect is stunning, terrifying, attractive. I think those like me who are novices at this should wade in very slowly, trying to learn the rules of this totally new game. Softbank is still unique in being not only a Japanese company but also a world company. There is global interest in 9984.

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