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Strategies & Market Trends : Waiting for the big Kahuna

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To: Investor2 who wrote (11786)12/17/1997 6:22:00 PM
From: James F. Hopkins  Read Replies (1) of 94695
 
BTW, did you notice yesterday I posted the YEN move, and the dollar fall, beat all the news media to it..also posted a buy on the
open for EWJ..she closed yesterday at 10-1/16..however I missed her
as she gaped up this morning to fast for my bid, and I decided not
to chase her as this could be a flash in the pan..yet EWJ is a
better buy than any Japanese closed end fund..as they are all
selling well above their navs..but EWJ is based on the index,
kinda like our SPY.
I saw that yen move early enough yesterday had I jumped then and
bought EWJ on the close I would have got her..didn't realize
things would happen that fast..
Jim
P.S I don't like the way the dollar fell..it's going to spell
troble for stocks, the fallen YEN is what killed their stock
market.
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