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Technology Stocks : Softbank Group Corp

SFTBY 72.78

-5.4%

3:59 PM EST

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To: Edwin S. Fujinaka who wrote (3078)	1/5/2000 6:49:00 PM
From: TobagoJack	Read Replies (1) of 6018

Capitalist HK in ?Communist? China does not have tax on interest, dividends, capital gains or income from overseas based active businesses. Tax is only salary and onshore corporate profit, at 15.5 to 16.5% flat rate. I bought, instead of original plan of selling, China Telecom (CHL) in the US at US$ 117.5, equivalent to HK$ 45.53/share of China Telecom (941). Each CHL equals 20 #941. I expect CHL to rise in HK today, with a higher closing price, and have CHL trading higher during NY open. I will then get out again. I will buy 603 at open (if it does not gap up on open), and sell before close. My general stance on the market is negative, as the atmosphere no longer smells right (upside smaller than downside) before I get on the plane for Wuhan. 9984 continues to increase as a percentage of total stock holdings. Its size forces me to focus on the single basket of eggs.

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