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Technology Stocks : Softbank Group Corp -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (1314)8/14/1999 10:09:00 PM
From: Edwin S. Fujinaka  Read Replies (1) | Respond to of 6018
 
Off Topic

The story I told about a stock with an 85% loss was a slight exageration. I was only in it for about 75% of the total loss <G>. The amusing thing about this particular stock was that SI coverage was initiated around 3 1/2 years ago right at the all time high. When I recently noted that this stock with it's 85% loss might have some underlying problems, I was seriously attacked as a nonbeliever and probably a short seller. (I only wish I had been short for 3 1/2 years <G>). Then when I noted that three employees had left in 1994 to form a new (privately held) Company and their new Company was bought out for $260 Million (a couple of months ago) while our old Company was only capitalized at $20 Million, I was attacked again. It's a relief to be here on the Softbank Board where most of the focus seems to be on business. I suppose an 80% loss in the market might affect the tone somewhat <G>.