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

To: sunny who wrote (2589)	12/4/1999 6:58:00 PM
From: TobagoJack	Read Replies (1) \| Respond to of 6018

Hi Sunny, I will buy back my 20% at first pullback below Y55k. My current allocation still puts 9984 at larger % than all of my other free (not committed to covered calls) equity shares combined. This is simply a trading (9984 moved too far too fast) and risk management move that may again backfire on me (9984 is very hard to play). Should 9984 move quickly to 800k and I never have a chance to buy back my 20%, I will still go to Maui on my 80%. I actually checked with ML and they are willing to write private Put/Call contracts on 500 shares and over of 9984, and this may be interesting at some point if the stock gets to Y45k or Y450k. The only six shares I have not trimmed down or committed to covered calls are MSFT (too cheap in relation to i-net shares), VSIO (play on MSFT), adding to RTRSY (new corporate direction presumably coming), buying MO (crazy bet against the government, and no, I do not smoke), holding SNE (ordered my PlayStation II for HK release, demo amazing)and MBK. I do note that this year most of us have probably been concentrated in the IT/chip sector and it has been happily profitable, but on reflection, other sectors will get their day in the sun if the sun ever comes out again (at one time I thought Coke and Gillete were going to carve up the world between themselves. I am preparing for a pullback of NASDAQ in Jan/Feb, and much of what I added to in AOL, Yhoo, @Home, INKT, EMC and CSCO during the last correction were for the holiday trade originally anyway, to be bought back in force during a correction that may never happen. I believe EMC, CSCO, LU, Yhoo and AOL will be higher at end of 2000 than beginning. And certainly 9984 will be much higher than now (else I would not hesitate in going to 0% and buy back later). Would I do any of this at 28-40% gains tax. Absolutely not. The band of play for any NASDAQ correction play is not that wide, not yet anyway.