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Technology Stocks : Softbank Group Corp
SFTBY 44.21+0.9%Oct 20 5:20 PM EDTNews

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To: Labrador who wrote (5693)1/7/2006 10:17:29 AM
From: Anchan   of 5733
 
Softbank has more than tripled in 2005 and is thus back to its levels in mid 2000 (though still far from its heights pre March 2000). Business conditions are much better now, though, and the Japanese stock market (Nikkei up 36% in 6 months) looks like it might continue its fine steady rise from the bottoms. I am in the black again and will continue to hold. The 3:1 split last week brought with it a strong spike up. Possibly caused by new buyers who could finally afford to pay the legal minimum of 100 shares = ca. $4,000, rather than $12,000 per 100 shares the week before. Naturally, this spike was met with profit-taking (all the more natural when you look at the steep rises of the previous weeks). Thus, a bit of consolidating, i.e. oiling the engines for the next run.
Tokyo street feeling: much more positive than, say, 2 or 3 years ago. And internet business has finally become serious business.
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