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


To: Edwin S. Fujinaka who wrote (3374)1/20/2000 3:41:00 AM
From: kai_kai  Respond to of 6018
 
No, I did cash in 125 SFTBF at 820 Euros for roughly DM 200.000 at 1200 % gains. As swisstrader correctly has pointed out, I've mixed up the currencies in my mail. I'll keep the rest of my SFTBF shares nicely tugged under my pillow until either euphoria sets in or another investment opportunity like SFTBF (for which I cashed in all of my other investments) is hopping along.

No, my wife is not concerned, we'll have the party instead. BOSTQ probably won't hit US-$ 20 and I certainly will not get any AOL at 55.

I'm not sure if what we see in SFTBF might not just be accelerated by German profit-taking. On Friday, Jan 15th 1999 we had 2 huge SFTBF calls, one on German business-TV n-tv on Friday night, the other one from an influential magazine "Boerse Online", which was a day late that week. On Monday the 18th SFTBF was up 10% in Frankfurt and Tokyo on pretty heavy volume. We're tax-free since yesterday and people that bought that Monday now command more that 10 times the money they originally invested which might be able to generate some additional selling pressure.

The effect will not be enough for SFTBF puts.

Kai