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


To: TobagoJack who wrote (4351)3/10/2000 11:29:00 AM
From: Taikun  Read Replies (2) | Respond to of 6021
 
You are right, we should be collectively concerned. If you think about what Son has put together in 9984 it is an amazing stoke of genius. I would like to see who the sellers are. I can imagine they are primarily Japanese mutual funds. So, while their youth goes to a disco to cheer on the leader of the new Japan, their parent's savings are pulled out, due to (i) insecurity about high tech and (ii) the numerology that is March 31, and the Japanese 'kessan' or fiscal year end.

It is no surprise that most suicides in Japan occur in this period, for kessan brings red ink, in corporate earnings, pink slips in firings, and broken families who have to spend $10,000 per minute every minute the subway is stopped for a 'medical emergency' concerning the head of their household who won't be around anymore.

Jay, you are right about concern. Because not just Softbank, but Hikari, Trans Cosmos, Jafco, Mothers, Nasdaq-Japan, Bit Valley represent the future of Japan. It is 9984's temporary misfortune that it is traded in Japan during these times. But what an opportunity!

The Bank of Japan loves to stage its market operations on three day long weekends in US, when currency manipulation is required. We should use the same mentality.

Softbank is now trading below breakup value!

Yes, this too will pass.