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


To: TobagoJack who wrote (5504)9/2/2000 1:46:02 PM
From: Edwin S. Fujinaka  Read Replies (1) | Respond to of 6018
 
Just returned from a vacation trip to see a small recovery in the stock price. I currently hold all of the Softbank stock that I have ever purchased with only a small sale and buyback at $270 and $213 respectively. Unfortunately, both transactions were done within an IRA so I cannot sell the $213 stock for a tax loss. All of the rest of my Softbank holdings are still showing a profit position that would be quite comfortable except for the fact that it could have been so much better if I had just sold a little near the peak. Hindsight is so wonderful <G>. From here on out, I view Softbank as my "Closed End Internet Mutual Fund" and do not have expectations of explosive growth for the near future.

I did buy a little EGRP (ETrade) and I'm thinking that it may be better to invest in some of the depressed Softbank holdings at this point. Perhaps we can count on the solid financial backing of the parent Softbank as well as the synergy between the Softbank holdings to buttress these investments in the Softbank subsidiaries.

Otherwise, I am now diversifying into Biotechs and Energy. Currently Curis (CRIS) and Coastal Caribbean (CCO@). I seem to be the major poster on the CCO@ SI Board and that stock has tripled since mid June. Raging Bull seems to be more active than SI for both Softbank and Coastal Caribbean (COCBF on Raging Bull).