>>But what about this: Aug, 3th they want to enter into NYSE << Yeah, exactly. This IS the point, and not the momentary down. I'm betting on the moderate-to-real feeding frenzy. Before that however, they MAY come out with a middle-to-big-size bombshell, namely some change in the structure of capital. The Anglosaxon world does notunderstand/appreciate (any more) nonvoting shares: the SAP voting shares (Staemme) are a) firmly in hands of the original 3/4 guys as far as I understand, b) the money we're making is based on preferred/nonvoting shares and c) preferreds cost more (!) because they are in DAX.
The best thing they could do is exactly your approach: nothing.
For the rest: I am buying into swiss stock (solid things like Nestle, UBS) and I bought some Simplex DAX calls (sonst goennt man sich nichts g): 1 DM payout taxfree 18.sept.98 for .84 invested, if DAX above 5500 on that date. Looks like reasonable bet, does it not, at DAX 6065?.. 5500 is right midstream Bollinger band ;
If I keep asking myself, when this will stop, I run a danger of getting nervous ticks. BUT, it's still very much incredible.
DJ |
