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

To: b_spiral who wrote (4747)	4/5/2000 6:13:00 AM
From: Hans U. Tschanz	Read Replies (2) \| Respond to of 6020

As I informed some days ago, Lehman reiterated its target biz.yahoo.com

To: b_spiral who wrote (4747)	4/5/2000 2:15:00 PM
From: Edwin S. Fujinaka	Read Replies (1) \| Respond to of 6020

I think the US price in the OTC market here does impact the Japanese market that follows. The US market is too thin to affect any institutional buying, but if you were an individual in Japan and you saw that prices were much lower overseas, would you buy the higher priced Japanese shares or would you wait? Some people would wait and this would reduce the number of potential buyers. Granted that the US market is very small for Softbank stock, and the tail does not wag the dog, but it has some relevance. The trading price move limits in Japan are the artificial factor that prevents prices from adjusting in a timely fashion. If the situation were reversed, as it was when the stock price was rising, it might be better for American buyers to purchase stock in Japan "overnight" rather than from the US market makers (especially with their large spreads between bid and asked). All of my Softbank shares were purchased overnight in Japan rather than here in the US from an OTC market maker for that reason. In at least one case, my Schwab broker executed a trade at my specified limit even though the overnight trading in Japan was all at lower prices. When I questions how my trade could have occurred at a price that was higher than the listied high that night, they said it was "a misprint in the tape". They corrected the error (it was only $1 or perhaps less) but Merrill Lynch's explanation was not credible to me. OT My alternative oil & gas investments are moving very slowly. Sometimes that is a welcome relief <G>. I've made and lost more money more quickly on Softbank than any other investment that I've made except for the oil patch investments that are based on litigation and Court outcomes. Litigation results look like hot IPOs with three or four hundred percent moves in one day. Other than court announcement days things are very boring.