SI
SI
discoversearch

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 Investment International (HK0648)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: early player who wrote (494)10/18/2000 11:04:17 AM
From: ms.smartest.person   of 615
 
The DD I have on this stock is obsolete. (slim to none).

When the stock dropped so dramatically(sp?), I took the advice of Jay Chen and, theoretically, wrote it down to ZERO. Almost immediately our losses exceded $27K of an original investment of $30K - so I mentally wrote it off, figuring any upside would be found money!

IMO this looks like premeditated stock manipulation by Softbank. Announce buyback, PPS goes up, dump 87million shares on stock rise visa vis announcement. I believe there is no protection for stock holders from this type of action; Hong Kong SEC laws not being like US where stockholder law suits are prevalent.

My lack of knowledge (and laziness in running down DD on a remaining $1500 (hopefully) market value on SBISF) is the reason I posted questions to Jay Chen and Yamakita.

Jay no longer owns SBISF and long ago told me to sell (expect a lecture?? Nah, Jay's too nice). However, Jay lives in Hong Kong and thought he might have some knowledge of what has gone on - not likely, but a try.

Yamakita, who started this board, invested heavily in SBISF if his/her posts are correct. I do not know if that is still the case, but also just another source that might have better information.

Hope this makes sense; written in hurry & not doing preview- right now watching other stocks that are of more interest since the MV has not dropped so dramatically.

Will post to you any info I may discover.

Merry
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News