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Technology Stocks : Softbank Group Corp

SFTBY 76.93

-5.1%

Nov 5 3:59 PM EST

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To: kai_kai who wrote (3269)	1/13/2000 9:09:00 AM
From: TobagoJack	Read Replies (1) of 6018

Hi Kai, welcome to the side of light. Now back to serious business. I bought a batch of Softbank call warrant (replacing the 9984 I sold earlier) issued by Goldman Sachs (March 2001, strike Yen 56k) for Euro 4.57. Leverage is over 2, premium is under 10% and apparently fairly liquid, although Reuters does not even have real time price for it. The out of the money warrants are trading at 25-30%+ premium. I am prepared to buy more should a dunking happen. I have not had a chance to look at these chips closely yet. Buy first, ask questions later, as the next leg up for 9984 appears at hand. I will now look at selling puts/calls at the money and going long on VERT, ICGE. Apparently the combined premium is 50% of the price of the underlying stock. I think the party is about to start on VERT and ICGE as the IPO lockup is expiring in a few weeks.

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