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 (25703)	11/26/2002 7:29:05 AM
From: TobagoJack	of 74559

Hi Pezz, Today's Report: (a) positioned more USD and HKD within striking distance of paper gold in the same wrap account, hoping that gold will tumble on seemingly insatiable interest in US stock ramporama; (b) considering this stock quamnet.com that took a 90+% humbling today. I have no clue what it does for a living, but I may buy some after it resumes trading, or may not;0) The story is quamnet.com QUOTE STOCK ALERT - Heshun Specialised sharply lower on shrholder finances rumours Nov 26, 2002 - 12:45:06 HKT AFX-ASIA HONG KONG (AFX-ASIA) - Heshun Specialised Fibre Holdings Ltd (285.HK) was sharply lower amid market talk that an unidentified major shareholder is in serious financial difficulty, dealers said. Heshun closed the morning down 1.121 hkd or 92.64 pct at 0.089 hkd on trade of 148.03 mln shares. "There were rumours that an unnamed major shareholder has pledged its equity interest in the company as collateral," a dealer with a local brokerage said. He said stop-loss activity was substantial in the company's shares this morning. Heshun is a "private chip", a listed China-based company with no backing from the government. It sells, produces and distributes chemical fibre products. UNQUOTE Chugs, Jay

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