Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: Diamond Jim who wrote (7270)	6/21/1999 1:51:00 PM
From: astyanax	Read Replies (1) \| Respond to of 13953

HELP- $200 Reward for SOFTBANK oddlot purchase referral - I need both feedback and help on a foreign security - SOFTBANK - which trades on the Nikkei (9984) and Frankfurt Exchanges (891624). It does not have an ADR but has a clearing symbol (SFTBF) which appears to be restricted to round-lot purchases by market makers. However, it appears (based on trading volume and message board posters relaying their experience) that odd lot shares can be purchased, particularly from the Frankfurt exchange. It was big news a few months ago when Softbank and Morningstar announced a joint venture for financial services to be offered in Japan. Softbank is a 50% backer of the new Japan NASDAQ, and major shareholder of Geocities, Yahoo!, ETrade, Ziff-Davis, etc. I have tried repeatedly to buy an odd lot of this security for the past 2-3 months. In my desperation, I am now offering a $200 reward for anyone who can directly facilitate such a purchase for me. Very ironic that ETrade cannot even recognize the SFTBF ticker despite the fact SFTBF happens to own nearly 30% of ETrade!! I'll let you read my posting titled: $200 REWARD FOR SOFTBANK ODD LOT TRADE REFERENCE* at ragingbull.com OR see my SOFTBANK Odd-Lot Desperation Website at netconductor.com for further details. Ladies and Gentlemen, this is Internet Mania at its finest! Softbank is a holding of T Rowe Price Technology Fund. I found this to be quite a startling fact considering: 1)Manager Chip Morris has been one of the most bearish technology fund managers regarding Net stocks 2)He only holds 3 stocks (approximately 4% of portfolio) in that sector. Softbank is the top holding of Warburg Pincus Japan Growth and a top 5 holding of T Rowe Price Japan Funds. Lehman Brothers analyst Ravi Sarathy made the startling observation that even if the entire Net sector were to lose 50%, Softbank would still be undervalued. Sarathy gave Softbank their highest "buy-1" rating with a price target (based on current yen exchange rates) of $345 (that is not a typo). This is when it was around $120 per share. Softbank has been skyrocketing out of control the last few weeks (now $180) despite the fact the Net sector has struggled. Softbank has just hit a new all-time high despite the fact its underlying Net holdings are off by 1/3rd or more. For more info on this stock, check out: geocities.com - Netconductor.com

To: Diamond Jim who wrote (7270)	6/21/1999 2:29:00 PM
From: Jake0302	Read Replies (1) \| Respond to of 13953

EGRP on the move... up 3.5 and more... decisive bounce back with the nets... take a look at a chart of EGRP... you see nice steady consolidations, followed by sharp breaks upward (DEC 21 98... APR 1, 99)... I think we are headed for another such upward spike in the last week in June or the first week in July... hold onto your seats, e-tickets only please!

To: Diamond Jim who wrote (7270)	6/25/1999 2:11:00 AM
From: Diamond Jim	Respond to of 13953

Sold 'em all. ETRADE GROUP, INC. EXEC. VICE PRESIDENT OF CORP. DEVELOPMENT AND GENERAL FILES SEC FORM 4 WASHINGTON, DC, Jun. 24, 1999 (States via COMTEX) -- Thomas A. Bevilacqua of Palo Alto, CA, a Exec. Vice President of Corp. Development and General of ETRADE Group, Inc. (SYMBOL: EGRP), disposed of 15,000 shares for between $106.25 - $108. 75 each on May 06, 1999. Thomas A. Bevilacqua currently owns 4 shares. A Form 4 reporting the transaction was filed with the Securities and Exchange Commission on June 10, 1999.