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

To: badon518 who wrote (5421)	8/2/2000 11:28:12 PM
From: TobagoJack	Read Replies (1) \| Respond to of 6020

I had sold by 50% before the March storm, and sold my warrants at the onset of the storm, but still hold enough 9984 shares to want to look at the price, enough to buy a typhoon damaged two bedroom house in Saipan. At the peak the present holding would have bought a 3,500 sqft penthouse condo on Waikiki beach. At this level I am happy to continue holding, if for nothing else than as a reminder of good and bad times. We must not lose our ability to make money the old fashioned way, namely working, and opportunistically biting off a chunk off the volatile trading environment. Events could get uglier still, not just in Tokyo, but in the US. So far we have not had panic and fear in Asia ex-Japan and in the USA. The Japanese are numb already from 12 years of numbness. Asians have not had a long time to play in the i.net e.com mania and many had not recovered from the Financial Storm to participate in the i.net revolution. All eyes on the US. If and when it goes, the world will shudder, tremble, despair and generally not have a good day. I am being exceedingly careful, motivated by fear, but not paralysed (yet). Thursday, August 3, 2000 Stocks: Nikkei Down 2.3% Midday; High-Techs Weak [Dow Jones] Nikkei ends morning down 2.3% at 15837.64 (off low of 15795.20) as high-techs weaker after Nasdaq fall overnight; however banks up on short-covering after recent hefty falls on concerns over Sogo failure. Topix down 1.3% at 1464.09. Individual investors selling to meet margin calls for highly priced stocks while investment trusts with recently sluggish performance facing active cancellations, players say; some selling may be overdone, but sharp upturn unlikely.