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 (5145)	5/25/2000 2:11:00 PM
From: swisstrader	Respond to of 6018

Edwin: Softbank is THE ONLY stock I hold that I have a longer than 1-3 year view on...for me, this is my godzilla that I have fed, nurtured, slowly nursed back to health, and not too concerned that she is still a litte ill...in 5-10 yrs she will be healthy and strong enough to stand on her own.

To: Edwin S. Fujinaka who wrote (5145)	5/25/2000 9:05:00 PM
From: TobagoJack	Read Replies (2) \| Respond to of 6018

What we should do now is what we do each time the market takes a severe beating, namely, sell part of some shares that did not go down in % term as much as other shares we would have liked to own in happier times, and buy some of those. Wealth in equity is a relative concept, whereas cash value is absolute. I happen to believe we have seen the worst of 9984 crashing, but have not seen the worst of Nasdaq 100 crashing (CSCO, ORCL, EMC, PHCM, VERT, ICGE, YHOO, AOL, JDSU, ...) and we merely have to wait, while sitting on our pile of 9984 and cash, and act (sell part of 9984, switch horses) when the big bang goes off. And if we are wrong, the NASDAQ 100 fails to blow up, then 9984 will recover by and by. In the meantime, toss out some grenades every once so often (sell some puts, sell some covered calls) to see if there are any live ones out there, somewhere. And if we run across another opportunity such as Philip Morris a few weeks ago, we move in with some heavy armour and gunships and reclaim some lost hill top.