To all: I hope the postings on YHOO here are not bothering anyone. I
have done so because it is a case of a real bubble, fueled by a highly
leveraged Japanese company which illustrates the demise of the banking
systems in Japan, Korea and other SE Asian countries.
Companies like Softbank have been fueling YHOOs with hilium. The
price of Softbank has fallen below its IPO price. (See the table
below). Does it tell anything about price of YHOO in which Softbank
had an interest of 50%, but now reduced to 30%?
Softbank had been reporting to its shareholders the gains in stock
prices as profits, namely for YHOO from $3 per share to $52 per share
as Softbank profits and Japanese banks have been lending against such
profit potentials (well, it is not "real-estate") to such "hight-tech"
companies up to an average leverage of 3:1. [Softbank's leverage must
be much higher.] I now see first hand the real bubble in the Japanese
banking system, waiting to explode soon:
I expect the largest YHOO shareholder will receive a margin call.
Sankar
Data for Seven Recent Business Days
Date; Opening High Low Closing Volume
Price Price
1997/11/13 2,950 2,950 2,810 2,860 78.1
1997/11/14 2,860 2,960 2,860 2,920 40.1
1997/11/17 2,920 3,090 2,920 3,090 55.4
1997/11/18 3,100 3,200 3,020 3,040 65.6
1997/11/19 2,950 2,950 2,750 2,750 84.2
1997/11/20 2,760 2,850 2,750 2,800 61.1
1997/11/21 2,880 2,900 2,810 2,830 43.3 |
