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Strategies & Market Trends : Asia Forum

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To: yard_man who wrote (2974)	4/9/1998 12:04:00 AM
From: B Tate	Read Replies (1) of 9980

Barry and all; FWIW: I did get into Public Bank (PBB) this morning. It reached my entry point after the last dive and bounce. This is a good day trading stock as long as you have quote access to the market and can watch it like a hawk. Should be good for 5 -10% move up within the next three days. (historically this is the range from here). Public Bank is one of the few in the banking sector I follow. It has a record of being very conservative and has one of the smaller NPL ratios in the sector. It has also been designated as one of the 'core' banking institutions in Malaysia. (six total) PBB has little exposure to the overblown development sector and solid financials. My earlier comments were meant to warn those folks that don't/can't watch this market on an hourly basis. My beer and Karaoke assoc. Stitch, has been watching SDarby along with Warswick waiting to pull the trigger. As Stitch mentioned earlier SD almost made his target of 3.50 last week. Me, I need to see 3.25 or under and a return to 3.40 before I'll pull the trigger. Again, I'll play since I get nearly instant quotes including the size of the buyer and seller pools at the current price with a click of the refresh button. Just to clear things up. best regards bt

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