Softbank Group Corp Message Board

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Technology Stocks : Softbank Group Corp

SFTBY 53.44

+1.2%

12:45 PM EST

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To: Nihon-jin who wrote ()	4/18/2000 9:36:00 PM
From: Jonas1	Read Replies (1) of 6020

Rakuten IPO fell flat today Rakuten is an e-mail mall aggregator. Supposedly opened 1/3 below offering price. I think this put a damper on the appetite for Softbank. Also, I think the consensus mentality, the recent hx. of being burned by Softbank, etc., are coming into play. This helped us on the way up, and is now killing us on the way down. I remember in Japan in Hokkaido a few years ago, the light was red, and a huge crowd of people were standing on the sidewalk. There were no cars. The Europeans there just pushed through the crowd and crossed the street (there were no cars, so why wait?). I think the Japanese investors are now waiting on the sidewalk, waiting for the cute little Nintendo music to start to play before they start to cross once more. Jonas

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