It looks like whoever bought today is a winner (Up 18,000 yen to 135,000 yen). That is $1251 US:
quote.bloomberg.com
Softbank Rises 15%, Erasing Yesterday's Loss, as Funds Start
By Teo Chian Wei and Laura Lai
Tokyo, March 7 (Bloomberg) -- Softbank Corp. shares surged 15
percent, nearly erasing yesterday's slump, as investors bought the
stock before the start of mutual funds later this week, analysts
said.
``Fund Managers have money they need to put to work,' said
Robert Sasaki, head of quantitative strategy at Jardine Fleming
Securities Ltd. ``Softbank is a `New Japan' stock they will
continue to buy `New Japan' stocks.'
Softbank fell 34 percent in the past six days on concern the
company's purchase of a failed bank and the doubling of its share
price in just two months means its stock is overvalued.
Today the stock rose 18,000 yen to 135,000 yen. |
