SI
SI
discoversearch

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.
Strategies & Market Trends : APMP (formerly APM)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: marc chatman who wrote (9681)1/8/1998 9:14:00 AM
From: Richard Haugland  Read Replies (2) of 13456
 
***Off Topic*** Marc, the Thai baht went from 41.7 to 47.3 in the 17 days I was there and has now deteriorated to over 52/$US. The cost of my rental car went down and down as I drove it! I left mostly in cash too and have not bought anything since returning. Unfortunately my CREAF, which I help, went the same direction as APM after going up to 29+ then down to who knows what today with the SES down over 5% overnight. Right now I don't know WHAT to buy. I bought some QNTM at 18 on a low-ball order I placed before leaving and it looked good until the SEG warning yesterday.

However my trip did what I wanted in being an almost total removal from stocks for 7 weeks. Good for the psych. The ordinary English language papers in India, Nepal and Thailand carry almost no news about specific US-traded stocks and I did not seek further. I also did not interact much with business-type people on this trip but can imagine what they must be going through with their dollar-denominated loans doubled within the past six months and interest rates >20%.

Thailand expects no growth this year and increasing layoffs. It will not sponsor any graduate students next year, is cutting the monthly stipend current grad students 10% and apparently will not sponsor students who get an M.S to continue for a Ph.D. (at this time at least).

I'll be watching for some (more) bargains but I am not convinced yet that 1998 will be an up year at all and I may want to get totally out of computers for now.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News