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

To: Edwin S. Fujinaka who wrote (3041)	1/4/2000 6:43:00 PM
From: TobagoJack	Read Replies (2) \| Respond to of 6018

I put on my life vest, as we are now officially out of the home port. I do not worry about how to get back to home. I only need to think about what I am going to do. (0) Last night I sold off my USA based China Telecom (CHL as opposed to 941 in HK). I like the dual time zone tradeble positions. (1) Took a look at the galley, and I see ... 9984, SNE, MSFT/VSIO, 50% of original CHL, 50% of original INTC, RTRSY, 50% of original CMCSK, HSBC, MBK, a ML i-net fund that plays the IPOs and has large position in 9984 - and these constitute my 'investments' as opposed to 'speculation'), one encumbered but meaningful position in AMGN, one meaningful speciulative position in TCL (1070), a residual position in Golden Power (603), and a bunch of meaningless subscriptions to annual reports (YHOO, SFE, AOL, EMC, CSCO, LU ...), plus a middling hedge in NEM longs and puts. Of the above, 9984 now accounts for 60% of total value, depending on what time of day it is in Tokyo. (2a) Plannned for today: unload 50-100% of 1070 position at open and ask questions later, following the rule ... the boat may explode, do not pray, jump. (2b) Sell 10% of 9984 at market open, and buy 10% at market close; if trading shut down due to limit down, then buy sftbf in US. May do so again tomorrow. This tact should net some marginal cash and get me into a dual time zone position in 9984 (never bought sftbf so far) as the volatile times ahead is better dealt with on 12 hour basis. (3) Definitely will not short anything.

To: Edwin S. Fujinaka who wrote (3041)	1/4/2000 7:23:00 PM
From: Robert Sheldon	Read Replies (2) \| Respond to of 6018

Is this interesting or what? <G>. For those of you who know me I am embarrassed to admit this BUT . . . I have been arbitraging SoftBank between Frankfurt, Tokyo, and OTCBB. Most recently the Tokyo-OTCBB has been the most rewarding while for a time last week Frankfurt-Tokyo was real easy. Unfortunately I had little room left for another 100 shares today, so I did not gamble (in the environment that developed in the US today, it really has become a risky arb.) . . . But I bet I'll be sorry after the open in Japan. :-)