Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 281.58

-3.6%

Jan 8 3:59 PM EST

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To: Iceberg who wrote (9776)	10/27/1997 4:52:00 PM
From: derek cao	Read Replies (1) of 70976

>Crazy, isn't it? Is this stupid, or what? For the people who initiate the currency attack, it is a smart move. I bet they bought a ton of puts before they short the hongkong dollar. They are winner either way. It is stupid for hongkong central bank to insist on defending hongkong dollar. If you got a strong economy, why do you need to defend your currency? derek Standard Disclaimer

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