MEMC INT'L. (WFR -NYSE) The Sleeping Giant? 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 : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Maurice S. Green who wrote (2935)	1/17/1998 3:34:00 AM
From: ----------	Read Replies (1) of 4697

Maurice: <off topic>>> sort of. I try to confine my posts to the Hong Kong board on Asia. Since you asked, I don't mind answering. 1) I wouldn't invest in Korea if you gave the money to do it. 2) I have been a fairly aggressive buyer of certain HK listed stocks during this tremendous sale. The Peregrine debacle did to some HK red chips what the S&L debacle did for commercial property prices in the U.S. in the early 1990's. Those who bought for a nickel or a dime on the dollar are fat & happy now. 3) Just yesterday, the U.S. Treasury delegation visiting China issued a joint comminque' stating that there is no reason for China to consider devaluing the RMB (Yuan). Nor is there any reason for HK break its' currency tie to the U.S. dollar. (I would argue there is a reason.... that being the HK dollar is worth a helluva lot more than the peg says it is.) Unlike Thailand, Malaysia, Korea, et al, the HK/Chinese have used mostly internal financing. I pity the countries that borrowed outside their own country. If you borrow foreign money at 10%, but your currency gets whacked by 50%, your effective interest rate just went to 20%! Regards, Doug

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next