Jim Rogers -- Investment Biker Message Board

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Strategies & Market Trends : Jim Rogers -- Investment Biker

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To: j.d.robbins who wrote (19)	1/30/1998 8:51:00 PM
From: craig crawford	Read Replies (3) of 213

Here is the Jim Rogers weekly update. I didn't get a chance to see him last week so if anyone has anything to add feel free. I also didn't post what he said two fridays ago. I guess I was busy or forgot. I remember from 2 weeks ago he said he bought a Chinese chicken company, CP Pokphand. The ADR symbol is CPPKY. I know it was trading at around 3 3/8 when he mentioned it. I'm sure he bought shares on the actual Hong Kong exchange. He said he was buying some Asia and he shorted some bonds. Two weeks ago he was also bullish on hydrocarbons like gasoline and I think he mentioned heating oil. He sounded bullish on rubber. He was talking about buying "breakfast foods" and he commented that orange juice and maple syrup had already made big moves. He didn't sound like he was interested in these two, but he was considering buying other breakfast foods. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Now for what he said today. He said he is short "muni bonds" (he said these are long-term), short Italian govt. bonds, he shorted some 2 year notes here in the US, shorted some Euro dollars, and shorted something pronounced "lie-boar" (pronounced like a pig who doesn't tell the truth). These were all things he said he shorted earlier in January. He said he thinks we will probably have a recession sometime in 1998 or possibly in the first Q of next year. When asked if there was anything worth buying here he mentioned electric utilities here in the US, and also oil and rubber futures. He strenuously reiterated his bearishness and short position in Mexico. (Mexico is down 15% in dollars YTD). The only Mexican ADR's I know of are TMX, TAM, and TV. If anyone knows of others please share. He jokingly said he would short the IMF if he could find a way, and he reiterated his worries about the world in general.

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