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Strategies & Market Trends : HONG KONG
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To: Jim McMannis who wrote (976)12/10/1997 11:13:00 PM
From: ----------   of 2951
 
Jim: It would appear HK is again feeling fallout from Korea, where
5 banks went "belly up" yesterday, and Indonesia, where the currency was devalued 10%.

Korea has subsidized their semi-conductor industry for a long time.
Seems like the whole country is a big Micron Electronics. (just a
very very general analogy). Indonesia, I know little about. I thought
they had oil. Maybe they got used to the $40.00 a barrel stuff & can't deal with $10.00 a barrel?

I looked at a couple of my holdings financials again. Then, I went
to my bookmark in Peter Lynch's "ONE UP ON WALLSTREET." One of Lynch's
axioms gives me comfort:

"It is impossible for a company with no debt to go bankrupt."

Doug
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