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Technology Stocks : Softbank Group Corp

SFTBY 55.93

+0.5%

9:30 AM EST

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To: Nihon-jin who wrote ()	2/6/2000 5:04:00 PM
From: Seeker of Truth	Read Replies (1) of 6020

It is a certain advance that a Korean is regarded as "one of us" and allowed to become so powerful in Japan as Mr. Son is. I personally am thrilled by this; it's a phenomenon of the dawn of a more international, less insular Japan. Part of his deal with the broker establishment, that NTT Docomo also makes, is not to let the stock price get so low that the ordinary man can buy it. This forces the ordinary guy to buy the mutual funds of these brokers. A stock split that cuts the price of a transaction from a hundred million yen to fifty million yen is ok. The brokers see that there won't be much money made by online transactions, vide for example E-trade and Ameritrade and a host of others which have no profits in the U.S. So they preserve themselves through these funds. We'll see whether the same kind of thing is done with the stocks IPO'd by Softbank. Was I there when the brokers made these arrangements with Softbank? No. Is there any other explanation for the failure to split Softbank or meaningfully split Yahoo Japan? When you've excluded all that's impossible, whatever remains must be the truth. I'm intrigued by Jonas1's giant Ponzi scheme idea. We buy stocks at the old fashioned prices and sell them finally at exotic unheard of bubble prices and the buyers will never find people willing to take the stock off THEIR hands at such prices. However, I think there's a counter trend. Any suggestion by a stock of the new economy that their sales will "only" go up by 20-25% is greeted with an execution at dawn and the stock halves or more. So individually we see very rapid returns to the old fashioned prices, even though the stocks as a group keep levitating. Yes, 230,000 at year end seems reasonable for Softbank. I gulped recently when I bought in the low 90,000's, thinking myself some kind of idiotic bull.

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