Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (9139)	5/25/1998 1:48:00 PM
From: Joey Two-Cents	Read Replies (1) of 18691

Good afternoon Pancho, hope you're having fun in Argentina. Just like I thought would happen Loral LOR sold off 10% Friday now that the talking heads have decided to give this technology transfer some press time. I still think the Nikkei will see 10,000 but would not play it as a short too risky to manipulated. Japanese bank Asian exposure is 30% (see article below) their debt is 250%. The IMF ineptness helped in the colopase of Indonesia, S Korea is next and will make Indonesia look like a walk in the park. Japanese Corporate profits plunge on Asian fallout satellite.nikkei.co.jp Korean Unions to strike Wed market off over 6% biz.yahoo.com Rubin to let Yen fall to 140-150 biz.yahoo.com lots of European and Japanese bank exposure in Asia. biz.yahoo.com biz.yahoo.com Korea on threshold of long term recession biz.yahoo.com

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