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

To: Edwin S. Fujinaka who wrote (3046)	1/4/2000 8:35:00 PM
From: Labrador	Respond to of 6018

Since we hit the 100,000 Y mark, we hit new daily limits. I now see that we're down 10,000Y to 93,000Y. Who would have guessed that the first time we get new limits, we hit the mark on the "downside"? So had we closed yesterday, at 99,000 Y, we'd only be down to 94,000Y - -go figure

To: Edwin S. Fujinaka who wrote (3046)	1/5/2000 8:26:00 AM
From: TobagoJack	Read Replies (2) \| Respond to of 6018

Hi Edwin, ?head spin?? I had always thought equity moves to be like dancing, sometimes we are in tune with the beat and other times not. When we do make a mistake, it is more likely than not that we then proceed to make a series of mistakes. At times, I step to the side and try to pick up the beat again. No need to do the treadmill today, tired from exercising. The HK market was ugly today, gapping down at open 1000 points out of 17000 points. Stocks gap down, markets rarely do. What happens when we wake up, and no one bids for our shares. I sold my precious HSBC at HK$ 105, China Telecom (941, as opposed to CHL) at HK$ 47.5, my residual Golden Power at HK$ 16.5, and I (dumped) 1070 at HK$ 5.20. I do not mind, as my total gain from HK market since January 3rd still sums up to a small house. I sold 10% of my Softbank at Yen 91k, and bought back same at Yen 84k, salvaging some cash from the overheated oven. Interesting exercise. I must note that the market for 9984 was sticky today, and it took sometime for my market order to get done on the sell side, strange behavior for such a big liquid stock. Depending on Nasdaq tonight, I may try this again tomorrow. However, if the trading limit is reverted back to Yen 5k, trading may simply shutdown, not enabling transaction as no clearing price between buyer and seller. I actually am not in favor of trading limits at all, as it is like locking a bunch of fire escapes in a dark crowded theater. 24 hour trading, with full complement of options, would seriously chip away at sleep time, and I am not sure it should be done from any place besides Hawaii. I may short CHL tonight at HK closing price should Nasdaq do a big tumble, and buy back equivalent number of HK?s 941 to cover the short the following trading session.