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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: zonder who wrote (35873)7/8/2003 9:17:53 AM
From: TobagoJack  Read Replies (1) of 74559
 
Hi Zonder, <<TWD ... Our technical analyst guy wants to short them... >> I do not normally take a view on TWD, but with regard to shorting it, I note ...

(a) the brand new rules liberalizing foreign institutional investment in Taiwan stock exchange may lead to portfolio flows, and

(b) should Mainland currency revalue against the USD, the TWD may go up, either as part of plot or naturally, as Taiwanese convert out of USD as precaution.

Again, I do not follow the TWD, but I do read the local news.

Chugs, Jay
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