Hi Malcolm, do not remove this subject mark from your list as zero holding of 9984 is no reason to abandon the thread. I have capitulated on 9984 since we last communicated, but still hold 300 shares for old times sake, and probably will always, just to remind myself of what to do better the next time around. Yup, there is always a next time, even of ten baggers. Besides, I am resistant enough to new fangled situations that I have not seriously participated in any other thread – they just do not feel like home and one is not allowed to leave dishes in the sink. I was resistant to the cellular phone for 5 years before deciding that it in fact is the center of a life of instant solutions.
In Japan, I have also completely unloaded my Furukawa position at prices between 3000-3500. I still hold my Sony, firmly believing in Japan Internet future, and the killer application of on-line gaming and entertainment. I do see the problem you pointed out - can anyone make money using the Internet ... maybe Walmart and Procter & Gamble, but maybe not Amazon and VerticalNet. I am not sure yet, but in the mean time, lets get the capital out of harms way.
I got a foretaste of coming Christmas conversations in the past week. An Internet CEO friend have gotten put on notice by the board that it will be revenue or death within 12 months. Another Internet company has stopped paying wages, and staff work on volunteer basis. A market maker acquaintance has been busy unloading a previously manipulated penny stock at any cost, as opposed to ramping and unloading in a methodical manner, visiting a different mistress with each lot successfully unloaded. At a wedding banquet attended by 700+ folks in Grand Hyatt last night, the conversation at the table was a comparison of how much money was lost by everyone measured in terms of college education equivalents. Hong Kong is a constant-on game of comparisons. The consensus at the table was of course typically Hong Kong, namely, buy whatever one fancies, right now, for one may not feel up to buying anything at a later time. In other words, reward oneself for a job botched, before the punishment lands on our backside. The atmosphere is getting positively bizarre, as bizarre as loose diamonds purchased to save on gift giving thinking time, especially to this observer who can step back for an Unreal moment and reflect on his country origins.
I do note that my strategy for on-line Unreal Tournament games dictate that one must still rumble strapped to anti-gravity boots, with machine cannons blazing and laser contraptions bolting, as opposed to hiding in the corner, opportunistically gibletize the odd weakened and disoriented combatants straying into cross-hair view, but only after feeling rested. |
