HONG KONG Message Board

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Strategies & Market Trends : HONG KONG

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To: allen menglin chen who wrote (1376)	3/6/1998 9:16:00 PM
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Thanks Allen: HK closed up a bit, which is always good. 8-) The daily HK report I subscribe to has mentioned that the HK market has been "artificial" the last few days. They seem to believe the trading has been more futures related than real. You mentioned the EXACT number they did, 10,800. It seems that number has something to do with the breakeven point for a majority of the current month futures contracts. They feel before the market can go higher it must dip to that number to let the big boys get out. I've noticed short sales again on some of my Red Chips. Do you follow 17? I've seen some other reports that say New World may have flat revenues the next couple of quarters because of some buildings they are involved in are not selling, and what is selling is at lower than expected prices. Have you seen or heard anything similar? Thanks again for your input. Doug

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