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Technology Stocks : Compaq
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To: Elwood P. Dowd who wrote (19793)3/5/1998 9:51:00 PM
From: Night Writer  Read Replies (2) of 97611
 
stephen,
I'm really disappointed about today. I sent the boys with the train to load up at $25 and they came back empty. Not enough panic selling for a good thief to make a decent living.

Watched an excellent ABC news presentation on the Chinese economy. It does not look good. They are losing business to other Asian countries due to their currency devaluations against the dollar. Showed workers assembling computer boards by hand on assembly lines for US companies. Chinese Government wants to maintain the exchange rate. Many people have lost their jobs there. A Chinese bank failed. (Today, I think.) If the Chinese devalue their currency to get some business back, the economist say it will start another round of devaluations in Asia. The purpose of the devaluations would be to compete for jobs from international companies. From the looks of things, I would not count on China for great sales.

Appears the Asian Flu season is not over. I seem to recall China was the bright shining hope for Asian sales. Correct me if I am wrong. Think the best target for sales would be the government that is trying to down size it's massive operations.

Man, wish this was not happening. Still think Compaq a great steal at $25, but not optimistic about my chances.

NW
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