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Technology Stocks : Intel Corporation (INTC)
INTC 46.47-4.5%Jan 30 9:30 AM EST
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To: Mary Cluney who wrote (46126)1/20/1998 10:17:00 AM
From: exhon2004  Read Replies (1) of 186894
 
Mary:

re >>>(In U.S. dollars terms, Korea was down 69% last year and is up 51% so far in 1998.)<<<<

Did not see the article but just a note:

A 50% loss will wipe out a 100% gain. In your example Korea was off 69% last year, so let's say it started out at 100. It would have ended last year at 41, (69% loss). Now a 51% gain on 41 is 41*.51=21, so the market at year end would have recovered to 62, (41+21). Still considerably off it's previous level of 100 in our example.

I think this is how PF and Fuchi make money in the market.

Best Regards,

Greg Gimelli
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