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Microcap & Penny Stocks : INTERNATIONAL FIBERCOM, INC. (nasdaq - IFCI)
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To: Henry Hayashi who wrote (2411)10/17/1997 2:25:00 PM
From: Rob S.   of 2486
 
Yes, and add to that the fact that the market had gotten to a short-term overbought condition and the muscle action on trade negotiations between the Japanese and American governments makes things look excitingly troublesome.

I think this is a perfect opportunity to profit from the volotility. I wish I had been on the short side moving into this week. I think the US and Japanese negotiators will quickly resolve the dispute and a little distance from the 10 year anniversary of the '87 crash will calm the markets. Then bargain hunters will step in. I think we will see some large oscillations up and down over the next couple of weeks.

My optimism for a continued bull market would be upset if we see a dramatic shift of money out of the mutual funds. The flow of Japanese investment has been very negative and this is helping to draw down the US market. A resolution to the dispute should reverse this. If things don't get turned around in the negotiations fairly quickly, and money is drawn out of the mutual funds, then the markets could continue to propel downward.

My guess is that we will see a rebound as soon as some positive news on the negotiations comes out. That probably won't happen until next week. The US gov't is taking a hard stance because they feel confident that they have a valid case and that there is some political latitude to burn up at this juncture - the American public can absorb some buffeting in the financial markets. The Japanese have counter-attached with pressure on the financial markets and a ughened trade stance. The presure should build to a head a be ready to blow off by the end of next week IMO.
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