I am still here, busy, but watching. If I sound sober, that would be because I am. The concentration is now absolute. Earlier years I used to measure my state of financial health by my ratio of passive income to active income. Now I am in a state where passive loss can overwhelm active income. So, concentration on what matters. One PC is on the market, the other on Unreal Tournament where I am on the "Capture the flag mode".
Sold a bunch of Newmont Mining January 40 covered calls for 2 3/16 last night. Doing nothing at all on the buy side as I believe the previous low will be breached if it hasn't already. Tempted by the juicy put premiums on Phone.com and the like. Very tempted by @Home, Comcast and Stillwater Resources (platinum). Let's see about Friday trading. Will take nap so as to stay clear headed at night. 24/6 casino. All I am missing are the drinks and the crowds.
Summer, the quiet period is coming up. My Philip Morris long+put+call continues to do well, heading for an effective 100% gain. Who would have thought cigarette will save the year.
Softbank continues to aggregate name brand partners ...
Wednesday, May 10, 2000
NTT, Softbank Units, Others To Form Online Education Firm
TOKYO (Nikkei)--NTT Software Corp., Softbank E-Commerce Corp. and Diamond Inc. on Tuesday announced they will form a new company that will tackle the field of education-related business on the Web.
The new firm will form ties with overseas universities so it can help provide international study at home. It will also offer consulting services to colleges, and help corporations plan and run language courses using the Internet.
The company will be established with 100 million yen in early June, and it will begin sales July 1. Three Diamond group firms will take a 54% stake, NTT Software will hold 34%, Softbank E-Commerce will have 10%, and two education-related firms will each hold 1% of the firm.
(The Nikkei Industrial Daily Wednesday edition) |
