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

To: TobagoJack who wrote (3402)	1/20/2000 1:29:00 PM
From: Edwin S. Fujinaka	Read Replies (1) \| Respond to of 6019

In the '87 crash (Dow down 500 points <G>) I just happened to have some GM puts that I got for $0.50. They went to $20+ but I couldn't get my broker (Schwab) on the phone for several days and they pulled back to around $13 before I could sell. My overall take on crashes is that trying to insure yourself against them for long stretches of time probably costs more than it will save you. I ignore the threat of the crash and stay pretty much fully invested. Currently, I am trying to get rid of some of my margin debt that has been building over the last three or four years. I may actually try to get some free cash at this point. As to whether I would be a buyer of Softbank at 40K, it would depend on what the rest of the market was doing. Around the middle of 1999 when many of the other internet stocks were tanking, Softbank was bucking the trend. It is interesting that Softbank does not just mirror the price action of Yahoo Japan or Yahoo US since they make up around 75% of the publicly traded portfolio. If Softbank crashes because their wireless ISP venture becomes a failure, I would be a buyer at 40K yen. That is the one project that may require a combination of political, technical, and economic factors that are beyond current capability (like Motorola's Iridium project).