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Strategies & Market Trends : Waiting for the big Kahuna
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To: Mark Nelson who wrote (7392)10/25/1997 6:12:00 PM
From: Joan Osland Graffius  Read Replies (1) of 94695
 
Hi Mark, >>HK is bound to unpeg, don't you agree?

I personally think HK will unpeg, but it could be a long time from now or they could do it this weekend.:-) I think it depends on how much they are willing to spend to keep it pegged and for how long. If they run out of assets during the prop up process of course it will be all over. History tells us this is inevitable.

Joan
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