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Technology Stocks : Softbank Group Corp
SFTBY 81.06-8.3%Nov 4 3:59 PM EST

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To: TobagoJack who wrote (2877)12/28/1999 6:01:00 PM
From: Edwin S. Fujinaka  Read Replies (2) of 6018
 
Late December in 1999 is a good time to be selling some of these high tech stocks. Most are vulnurable to a modest selloff in early January when profit taking taxes can be deferred for another year. Except for Softbank <G>. It is hard to be as optimistic as Michelda with his prediction of 150,000 yen (almost $1500 US)in January, but just looking at the charts seems to indicate that $1200 in January would not be too surprising. The US Market closed at $880 for Softbank. Will the Japanese Market follow and then Europe? We'll know in a couple of hours. BTW, anyone who needs to call the Schwab Global Desk on January 1st or 2nd will find people there.<G>. I may call just to wish them a Happy New Year.
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