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Technology Stocks : Softbank Group Corp
SFTBY 55.36-2.8%Nov 21 9:30 AM EST

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To: Edwin S. Fujinaka who wrote (5100)5/12/2000 9:01:00 AM
From: kai_kai   of 6020
 
Couldn't agree more. As long as they keep posting negative comments it means they haven't bought yet. In the long run we won't have reason to complain and even short term there's nothing to worry about. SFTBF started in 1999 at sth. like 2000 Yen split adjusted. Even at current lows we still have seen an incredible mid-term runup. That means most of us should still sit on massive paper-gains. For all the others - buying a stock that has already made a couple of 100 percents in the past 12 months is sth. to be weighted carefully. I try to buy companies that I find suitable to hold 3-5 years. I sometimes sell them to increase returns when I think the market is exaggerating and future prospects are already priced in. That's what I did. I don't know any better stock at this moment for the correct timeframe of 3-5 years. Still I think that - even at these levels - SFTBF stock is priced optimistically. If I would manage to settle for a conservative 30-50% annual return there's nothing at all to worry about.

kai
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