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Biotech / Medical : ARTERIAL VASCULAR ENGINEERING
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To: Zeus549 who wrote (284)10/28/1997 6:23:00 PM
From: Jeff Gurian  Read Replies (2) of 339
 
Lets not forget the whole cause of this thing- Hong Kong. They are getting killed over there trying to protect their currency and its murder on their stock market. Interest rates there have been going up daily. Im glad I (we) dont have any money over there. I dont see this thing going on for long. This HK thing is effecting everyones market- Europe is getting hit just as hard as we are. Eventually the HK situation will stabilize and, I think, it cant keep our market down for long, especailly since our economy is doing so well.

As far as trading goes, I too am wait and see. I made some of my money back today, but if I had the cash to buy... Some of these price levels are very attractive. Dell opened 9 points lower from yesterdays close and ended up back near 90. If I had bought that on the opening bell... AVE opened at 42 and finished back above 50. Stuff is all over the map right now and the way the market has been going the past week and half, you might get better odds in Vegas. We are lower, yes, but I think its too early to establish a clear direction for the market. The way its going, though, we are taking one step foward for every two we go back. Because of the influence from HK, I think Ill hold off on using the "correction" word for a while.
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