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Technology Stocks : Softbank Group Corp

SFTBY 78.25

-3.5%

1:54 PM EST

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To: bluedarter2 who wrote (5502)	9/1/2000 9:13:30 PM
From: TobagoJack	Read Replies (1) of 6018

Hello Becky B, I have sold all of my 5801 except the last 1000 shares round lot at Y3000 and 3450. The last round lot will be held for long time to prevent me from any regret that would cause me to buy back in. I have no particular fundamental reason to sell other than that I am satisfied with my profit (bought at 1825 and lower). I now need another The Next Good Thing. When known, will post. Mean time, my CNC long ($5 cost) and November covered Call ($5 strike) short and my MO long ($19.5 cost) and January covered call ($20 strike) short (bought back CNC and MO Puts a while ago at large profit) is doing their magic of staying above the respective strike levels. The shares should be taken away from me upon call expiration, completing my 150 and 100% profit respectively. It also looks likely that my Stillwater Resources January put shorts, strike price $25 (SWC, largest platinum mine in North America) will not likely be exercised against. But I will be taking in another tranche of Newmont Mining in September at $25 while the market price is now $18.5, via short Puts exercised against me, but as I had collected $4/share in put premium when I shorted, I have no complaints. I now have a bunch of NEM January puts w/ $15 strike shorted, and thus the premium will cover the paper loss on the September puts. I treat NEM and SWC as my petty cash box each three months, rolling forward. I now just need Lucent (bought at $42) to go up and a good but fast year will end on a high note. Am I the only one feeling that this year has gone a bit fast. I still remember our collective Christmas time posts as if they were done yesterday.

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