Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Mark Adams who wrote (7355)	8/17/2001 11:59:21 PM
From: TobagoJack	Read Replies (1) of 74559

Hi Mark, <<A repeat analysis, substituting VoiceStream and Deutsche Telecom?>> This is a good substitute, making the point that quick-footed speculators benefited enormously. The master speculator in this case being a Hong Kong tycoon going by the alias of "Superman", Li Kai Shing, controlling shareholder of Cheung Kong and Hutchison, and ex-owner of 22+% of VoiceStream. Li exited and beat a fast retreat to cash, netting billions of HKD. It is very difficult to have true winners in the midst of a deflationary tsunami. Winning by holding half of something that used to be whole is not an exercise to be repeated with any frequency, else we go mad and blind:0) Now I got to go jogging, impress the neighbors, and then wolf down a porkchop sandwich washed down with an alloted Saturday brewski. Chugs and later, Jay

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