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Technology Stocks : C-Cube
CUBE 37.23-0.3%Nov 28 9:30 AM EST

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To: BillyG who wrote (26970)12/21/1997 9:47:00 AM
From: Rarebird  Read Replies (1) of 50808
 
How Bad will it Get For Cube in 98?

According to Julian Robertson on page 5 in Barrons: UP& DOWN Wall STREET:

" China worries Julian, too. It's widely assumed that China is alive and well because they are exporting a lot. But who is making these goods? Their state-owned enterprises. Are they profitable? Absolutely not. Who is financing those losses? The Chinese Banks- which are all broke. Every economist is predicting 9% growth for China next year. My own opinion is that it will be something between minus 2% and plus 2%, which will be very tough. They need more than that to keep from having riots in the street.
At that point, Julian, who has been traveling extensively in Asia, checking his longs and shorts, was just getting warmed up. The real-estate bubble in Shanghai and Beijing, he avers, IS NOT TO BE BELIEVED!
The upshot?" In my opinion, alot of potential downside for Cube in 98.
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