SKM, S.K. Telecom, nyse, depressed buy, w/close stop Message Board

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Technology Stocks : SKM, S.K. Telecom, nyse, depressed buy, w/close stop

SKM 20.21

+0.2%

Oct 31 9:30 AM EST

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To: Jyoti sharma who wrote (77)	1/21/1998 8:40:00 PM
From: Brett Nelson	Read Replies (2) of 122

Jyoti and Jim - I am still long SKM although I tend to agree with Jyoti that it my take some time to reach its full valuation potential. I may consider lightening my position at these levels since I am still uneasy about Asia, particularly with Japan's earnings season (in March, I believe) just around the corner. Although the Asian markets are enjoying a much needed rally now, it defies common sense that the problems which terrified investors a few Friday's ago (when the market tanked 200+) could have resolved themselves in the space of a week. Even so, I will hold a good chunk of SKM unless we get a close below 7, which would have me out awaiting a lower priced re-entry. Good luck, Brett Nelson

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