Barry,
I sold half yesterday, keep some core, and as you said trade the volatility. Also sold half my MBF Holdings (it doubled). Looks like tonight I maybe shoulda sold some EWS (from 5 1/2). Now normally my selling means we're in for a big rally so....
Any thoughts on TLK, P.T. Telkom? My 'hunch' is we may get one more good panic (crisis) in Indonesia before it 'stabilizes'. There was a good bit of talk in the WSJ today about Indonesia; IMF, Japanese/foreign loans, currency boards, and of course riots. I think the idea was to stabilize on a temp. basis and give them a chance to work things out in a non crisis atmosphere.
Not much discussion about these stocks on the web; not Si, not Yahoo, little ADR volume. I think that is a good sign, at least we're not following the crowd.
If you think of something better please post it. But buy first, the last time I was musing about Shinawatra it shot up about 30% the next day before I got in <g>. (First Pacific?)
Best Regards,
Derrick |
