Bosco & Crossy's stock picks,talk area Message Board

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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: Bosco who wrote (1988)	10/21/1997 11:26:00 AM
From: Crossy	Read Replies (1) of 37387

Bosco, how good sort of a spirit You got - he seems to be guiding You <G>. Your order for CTYS wasn't filled. You really should be grateful for that <G>. Recently I had a similiar story. I forwarded an old friend of mine in Vienna some of my stockpicks. Macronix (MXICY) was one of them. He entered at $27 and the stock plunged. Then it recovered somewhat. By that time I learnt that to combat currency-devaluation pressure the Taiwan central bank was raising short-term interest rates to 18%. IMO this is a receipe for disaster. Any market in such an environment is 10 times as sensitive to any sort of bad news than it normally would be. He got out at $24. Yesterday it dropped below $17. This told me: You should know when it's enough... best wishes CROSSY BTW: However if Taiwan starts to wind down rates I feel that MXICY will be a top pick. Pls. tell me if You heard anything like that (reducing rates...)

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