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

To: Jonas1 who wrote (2953)	12/31/1999 9:27:00 PM
From: TobagoJack	Read Replies (2) \| Respond to of 6018

Definitely not (yet) listed on overseas or domestic market. My mom is Shanghainese and she keeps telling me that Shanghainese are quick learners. Jonas, you are being very diligent in hunting up bets. We also can all help each other out in tracking stocks of the kind I have suggested at the end of this message. Read the "Devil take Hindmost". The parallels are uncanny. All the signs are there. We are living in 'living history'. We probably have a good 12 months to go (I almost think 9984 will reach 800k in 2000 or not ever get there at all), and I believe the proper way to play this is no longer diversification, but massive bets on a few names of different maturity (9984 vs dotcom.com), take profit out as we go. Diversification is only good against quakes in a few names, not in a market cataclysm. I feel more energized than ever, as if my whole life was spent preparing for this one glorious trip out of the harbour. On this basis, Golden Power is cheap and MSFT is dirt cheap, and Reuters is free. Being scared is healthy, but it must not paralyze us. In the game of Quake, the guy who stops moving and the guy moving slowly are dead. The guy who moves fast and the guy hiding like a girl (I do no mean that all girls hide, so no offense meant) are alive, but rewarded differently. Some one asked some one about IDC and the reply gotten back was ... QUOTE I know nothing about IDC. Generally speaking, my rule is: a sudden rise or spike in the price of a stock;on very high volume, will correct the entire gain when "cooler heads prevail", if the move was a baseless rumor or deliberate hype, but if the rise had some sound or logical reason, it will correct half its gain. The speed of correction does not suggest the correction must be immediate. Informed buying is usually patient and persistent, a slow accumulation; there is no spike. Today most spikes seem foolish, there's so much impatient behavior, that I believe the spike rule is going to apply to the entire high-tech sector. Internet and software spikes are suspect under any sane method of evaluation I have ever known. Thank God I have not yet moved out just because I am out of step with current trends. If you want to use your time judiciously, you should find overpriced industries where overpriced companies are about to "disappoint" with downward earnings revisions. I think there are already hundreds of examples to draw on. UNQUOTE Thus I have started to track some of the 'overpriced' and 'weak' plays, in view that they will be viciously shorted at the opportune moment (moment of massive frenzy), such as that may be indicated when the police is called out in force to keep order at IPO lotteries. There was a cover photo on Far Eastern Economic Review back in 1996, a few short months before THE ASIAN CONTAGION, where a crowd of cowering China IPO wanters in Shenzhen were kept in order by policemen wielding bamboo canes. The same month saw Taiwan stock exchange volume higher than NYSE, and tales of Taiwan punters transported to Bangkok each Sunday night to ramp stock, drink, eat, do the girlie bars and back to home on Friday afternoon. The good events are still further down the program flyer, as we have not yet had a Bre-X situation.