Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (24233)	10/15/2002 4:06:17 PM
From: TobagoJack	Read Replies (1) of 74559

Hi Pezz, Tonight's Report: I am up really early. I just bought a bundle of HBC (ADR of HSBC in Hong Kong), because: (a) adding to the lot I already own via the HK market allows me to ready more for pre-xmas or ex-New Year selling on both markets; (b) it pays a healthy dividend; (c) HK market this AM (opening 6 hours from now) will most likely follow the NYSE that closes right now, have HSBC go up 5%, and then the NYSE opening price for HBC will have to reflect the then higher HK closing price of HSBC, allowing Jay to recognize a profit either on his existing HK position and/or his new NYSE position; and (d) The world may save itself after all, within 24-48 hours;0) Of course, 24 hours can be a long time, and the world may find an <<answer>> it doesn't like. Chugs, Jay P.S. I now go back to sleep, after the hard work:0)

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