Livedoor getting delisted

[pants]

I bought a couple man yen's worth of Livedoor stock just for fun, when it was around 80 yen. I figured, hey, if they pull through it might just shoot back up.

Anyway, I guess it's official now that it's being delisted next month. (Or is it? Is there still hope?) Anyone have any idea what happens next? It's just a couple of man, but I don't want to lose it if I can help it. And yes, I'm a relative newbie to the markets.

EDIT: It looks like I can still sell them on ETrade, and in fact they jumped up 15% just today--but isn't that strange? I mean, who'd be buying? Am I missing something here?

[edinjapan]

I bought a couple man yen's worth of Livedoor stock just for fun, when it was around 80 yen. I figured, hey, if they pull through it might just shoot back up.

Anyway, I guess it's official now that it's being delisted next month. (Or is it? Is there still hope?) Anyone have any idea what happens next? It's just a couple of man, but I don't want to lose it if I can help it. And yes, I'm a relative newbie to the markets.

EDIT: It looks like I can still sell them on ETrade, and in fact they jumped up 15% just today--but isn't that strange? I mean, who'd be buying? Am I missing something here?

All being delisted means is that the stocks have to be traded over the counter. They can still be traded but aren't considered as desireable as before.

[pants]

Ah, got it. Thanks, edinjapan.

And... does anyone have any thoughts on Livedoor in general? I know I'm a newbie, but it seems to me that there's a more than reasonable chance that the company itself will bounce back eventually, no? Granted my research is pretty superficial, but with a new board, perhaps changing its name, etc... no?

[pants]

Okay, I guess no one cares about good ol' Horiemon and his pals anymore. But I just thought I'd mention that Livedoor's up over 40% since I bought in a couple of weeks ago. Man, to think I was originally going to drop 50 man in there instead of just 2... (sigh)

[steeny]

I'd hold onto the livedoor stock if it's just a couple of man and you don't really need it soon...

[steeny]

Anyway, I guess it's official now that it's being delisted next month. (Or is it? Is there still hope?) Anyone have any idea what happens next? It's just a couple of man, but I don't want to lose it if I can help it. And yes, I'm a relative newbie to the markets.

EDIT: It looks like I can still sell them on ETrade, and in fact they jumped up 15% just today--but isn't that strange? I mean, who'd be buying? Am I missing something here?

April 14th is delisting day - definite
Then it becomes more difficult to trade.
If you hold it until next year, or maybe two, they should manage to get themselves relisted, probably on the JASDAQ.

Overseas funds started the buying spree but daytraders are getting into the action. It'll fluctuate but should continue to increase.
Remember Kanebo went up 6% on the final day of trading before they were delisted.

[pants]

If you hold it until next year, or maybe two, they should manage to get themselves relisted, probably on the JASDAQ.

Thanks, steeny; that's essentially what I had been thinking too, but I guess I'm not confident enough in my gut instincts yet. Basically, though, it seems to me that the company still has an important asset: its user base. It might not be getting the advertisement money now, and lawsuits are certainly a possibility, but after a 90% drop, it just seemed like a real bargain.

As you wrote, a US investmet firm did pick up about 6% of the shares. Also, Yasuhide Uno, another young tech entrepreneur--but one who seems to be trustworthy in Japanese eyes--picked up 12%, to be the number two shareholder after Horie:

http://www.asiamedia.ucla.edu/articl...parentid=41165

The interesting prospect here, I think, is the nice fit between Uno's company, Usen, and Livedoor's assets.

Anyway, I'm not a day trader--I plan to hold for at least a year or two. In fact, I'm thinking of building up my position to a couple of thousand shares. In my humble opinion, all Japanese internet companies are still undervalued after the scandal.

On a related topic, does anyone know whether Horie might be forced to sell if he's found guilty? What are the legal ramifications for him?

[steeny]

a US investmet firm did pick up about 6% of the shares.

Actually, 2 US and 1 Hong Kong funds have picked up over 6% each, which means that over 50% of the shares are now in the hands of 5 groups. That is what has been reported but there's definitely more collecting going on.

On a related topic, does anyone know whether Horie might be forced to sell if he's found guilty?

No, he won't have to sell, not in the foreseeable future.