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Technology Stocks : Softbank Group Corp

SFTBY 50.04

-11.1%

Nov 25 3:59 PM EST

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To: Yamakita who wrote (4982)	4/26/2000 6:33:00 PM
From: Edwin S. Fujinaka	Read Replies (5) of 6020

Schwab has posted $260 for a closing price. Thats up $34 or another 15% over yesterday's close here in the US OTC BB Market. On top of yesterday's 38% rise, that's a total of about 58% up in the last two days here in the US. That's a pretty emphatic up move albeit off some pretty depressing lows. There are still no "when issued" shares shown in my Schwab account. A few days ago, a Schwab Global Broker told me that I could probably sell shares short if I wanted to. He said that after a few days, they would just buy the shares back in if I didn't deliver some stock. I said, "Thanks a lot".<G>. I think we are stuck with just holding at least 2/3rds of our Softbank position until Softbank delivers the "Rights" certificates that say we are entitled to the new shares when issued. In the meantime, there will be very little Softbank stock available to buy so there will be upward pressure on the price until then. We will probably see a drop in price when the rights become available to trade. So perhaps the strategy might be to sell the shares you hold before that happens. On the other hand, perhaps not <G>. There is probably another milestone associated with April 30th, supposedly the record date to receive the new shares. Many people will not sell before that date passes, but they may sell on May 1st even if they don't have the rights certificates in hand yet. There are probably some trading possibilities here if you can figure them out. I just hope we don't hear that Michelda has sold out his entire position on Monday.<G>. This lack of tradeability is not Etrade or Schwab's fault in my opinion. Softbank should issue the rights asap or the trading will continue to be artificially biased upwards. As much as I like the up move, I don't relish the potential down move when the additional shares become avaialble to trade.

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