Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Edwin S. Fujinaka who wrote (5058)	5/1/2000 7:09:00 PM
From: TobagoJack	Respond to of 6018

Hi Edwin, observation on criminality is correct. At 25% round trip frictional loss, one is not pissing into the wind only, but up hill in elevation angle.

To: Edwin S. Fujinaka who wrote (5058)	5/1/2000 10:00:00 PM
From: high.hopes	Respond to of 6018

Edwin, I sure know how you feel! If you trade foreign issues often, it gets worse . . those 25%'s, slow, if not painfully impossible executions, etc. etc. will eat away both at you and your profits! However my friend, you have a choice. Continue to use Schwab for your foreign trades or change to a broker who will execute trades directly on your behalf in the foreign markets. I use Euro Pacific Capital in Newport Beach. From what I understand, they are one of a handful of US brokerages enabled to purchase directly on the foreign exchanges. Thereby and the best part . . completely eliminating the US market makers! Imvho, the only way to go when trading in and out of foreign stocks. It is so easy Edwin . . just as in the days of old . . . you call, check prices & set your price . . then, if you choose, you stay on the phone until it executes. If you need to adjust your price - no problem. Immediate gratification - and it's yours! Fees are on a commission scale. Again, like in the ol'days. Commissions based upon quantity and prices . . usually ranging 3$ - 6%. (Even times two . . sure beats the 25%!) I might submit you give Euro, or another like organization a call just to chat & see if they meet your needs. If you're interested in chatting with Euro, call 800-727-7922. I've dealt with both Peter and Brian. Downside to Euro? They still don't have online account viewing. Most of us, certainly myself included, have become so very spoiled peeking in at the port's daily. I do understand they're in the testing mode for this - just not happening fast enough for me! ps. For those looking for some "odd lots" Euro will also purchase them for you - you've got three days to settle up with them after they purchase.

To: Edwin S. Fujinaka who wrote (5058)	5/1/2000 11:41:00 PM
From: TobagoJack	Read Replies (3) \| Respond to of 6018

HELP. My mind is freezing up. Can any sane person on this Board figure out what is going on here ... is this a cheap way of duplicating Seven Eleven's infrastructure without the hassel of keeping track of a gizzillion inventory stock keeping units? Tuesday, May 2, 2000 Watanabe Gumi, U.S. Firm Launch Japan Laundromat Venture FUKUOKA (Nikkei)--Watanabe Gumi Co., a civil engineering company located in Fukuoka Prefecture, will begin operating coin laundries nationwide through a joint venture with SpinCycle Inc., a U.S. coin laundry company based in Arizona. The venture's large laundry facilities will be staffed by attendants at all times, which the new company says makes them safer than ordinary coin laundries. The first location will be opened May 21 in the city of Kasuga, Fukuoka Prefecture. It will have a total of 80 U.S.-made washers and dryers. By January 2001, the joint company aims to have 20 locations nationwide. The new venture is capitalized at 200 million yen. Members of the Watanabe family, the family behind Watanabe Gumi, own 70% of the firm. A Softbank Investment Corp. funds owns 25% and SpinCycle owns 5%. The new company anticipates annual sales of 60-100 million yen per location. It aims to operate in the black in the fiscal year through January 2002. SpinCycle, established in 1995, has about 200 stores across the U.S. (The Nikkei Industrial Daily Tuesday edition)