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


To: Edwin S. Fujinaka who wrote (4986)4/26/2000 6:52:00 PM
From: LOGAN12  Read Replies (1) | Respond to of 6020
 
I am still waiting for Fidelity to call me back. Anyone else hold their shares in Fidelity? Yea, should have transferred to ML a long time ago... Fidelity did call to tell me they were having a hard time getting info from the international desk. Geeze...no kidding, imagine what it's like to be a customer! My account is now 2/3's of my position smaller and I am missing the huge immediate gratification that is happening here. Nothing like having a great couple of days and never actually seeing it.

linda :-(



To: Edwin S. Fujinaka who wrote (4986)4/26/2000 7:33:00 PM
From: RobertSheldon  Respond to of 6020
 
Stay tooned on the Schwab position regarding the when issued shares . . . word to me is that they will be crediting accounts with SFTBF1 shares due to the trading in those shares that is taking place . . . we should know more within two days.



To: Edwin S. Fujinaka who wrote (4986)4/26/2000 7:55:00 PM
From: TobagoJack  Read Replies (1) | Respond to of 6020
 
Gaining at this rate the margined comrades will not have to worry about their equity position soon. Dare we even think the thought of Yen 56k per share split adjusted? Our Son will meet Mr. Gates halfway up the escalator of Net Worth.



To: Edwin S. Fujinaka who wrote (4986)4/26/2000 8:38:00 PM
From: DlphcOracl  Read Replies (1) | Respond to of 6020
 
It doesn't make any sense to sell SFTBF now near its lows.

As an amusing aside, when I purchased my SFTBF shares last Sept./Oct, an important rationale was that I thought SFTBF would be sheltered from the mo-mo and daytraders in the U.S. and thus be less volatile than the typical U.S. internet stocks, more likely to trade on its own merits rather than market sentiment and hysteria. Not very astute on my part, I guess.

My point is that SFTBF actually seems to magnify and exaggerate the sentiment toward tech stocks in the U.S. Of course, SFTBF has had to deal with its own set of problems unique to the investment community in Japan. However, my unscientific guess is that the tech bear market in the U.S. will continue throughout the summer and it will not be until October that good ol' greed overtakes fear and the tech market once again returns to favor. If this happens, SFTBF shares will not only move in sympathy but will probably move up even faster from October 2000 through February 2001.

For investors looking to lighten up on their shares of SFTBF (myself included), this might be the best window of time to do so.



To: Edwin S. Fujinaka who wrote (4986)4/26/2000 9:27:00 PM
From: manohar kanuri  Read Replies (3) | Respond to of 6020
 
You should probably let go of the "April 30" record date - might just have been a mistake... the 30th is a Sunday....

As for margin issues, I'm not quite sure I understand the concern. If SFTBF is not marginable, it can drop to zero for all that it matters and still not trigger a margin call. Or is everyone forgetting that "marginable" means a stock is eligible to be counted as equity for determining margins. If it's not marginable you can't buy it in your margin account, and having bought it in cash, you'll find it 'deducted' from the overall equity eligible for margin... think of it like options positions that are not marginable.... unless they've changed things on me, if you have a margin account, even though you get one statement you actually have two (notional) accounts at the brokerage- cash and margin ... and all the non-marginable stuff is lurking in the cash shadows... all afaik, bwdik...
mk

EDIT: just to clarify...if you have a 100 in cash you're eligible for 50 in margin. you buy 20 in non-marginable softie, your eligibility is now 40. your softie goes from 20 to zero - no big whup...wasn't counted in the first place...