SKM, S.K. Telecom, nyse, depressed buy, w/close stop Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : SKM, S.K. Telecom, nyse, depressed buy, w/close stop

SKM 20.29

+0.6%

1:08 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bruce bell who wrote (29)	11/28/1997 9:10:00 PM
From: James Choi	of 122

I might be able to mobilize some friends and relative back in Korea to get into this SKM action. But then, I have to sell it there. It seem the only gain is that I avoid the collapse of premium in case the Korean stock market opens. Incidentally, from what I read (both Korean newspapers and American ones) there is no mention of opening of the stock market. Does "opening to foreign investment" automatically indicate opening of the stock market? There is some talk on that such as allowing foreign companies to buy out troubled Korean companies. I am not sure what it means to the stock market though. Korean market allows 8% swing per day. In a way, it is hard to get sense for true price because it could be just stuck at the trading limit waiting to go lower the next day. For those who have been following this for a long time, is there always a correlation on what happens in Korea with what happens here? Is there any time when the stock tanks in Korea but rises in the US? Did Korean stock ever follow their ADR in the US? James Choi

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next