Softbank Group Corp Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Softbank Group Corp

SFTBY 50.04

-11.1%

Nov 25 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: manohar kanuri who wrote (5000)	4/27/2000 12:47:00 AM
From: Seeker of Truth	Read Replies (1) of 6020

I agree with you, Manohar. If Softbank is not marginable then it could go to a billion and you might still get a margin call based on a decline in the value of your marginable stocks. And if it goes down to 1 yen a share that has nothing to do with your margin account. As far as your broker is concerned your marginable securities value is unchanged. Incidentally the two month delay is because of the back office problems of the Tokyo Stock Exchange. Thirty years ago when I was investing in Japan they had these problems. I guess a lot of their systems and subsystems are still manual. What they and Softbank management want to make sure of is that everybody who is entitled to the shares gets them and nobody who no longer owned 9984 on the record date will get them. I once had my "bonus shares" delivered to a broker I never dealt with. The matter was rectified promptly after I complained about not receiving them. I'm doing my Canadian income tax now and it reinforces my conviction that one tends to be too short term when watching the market too closely. When you have to pay taxes, selling stuff in a hurry is almost as bad as buying in a hurry, eh? Best wishes to all. Malcolm

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next