Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Barbara Barry who wrote (20186)	6/12/1998 1:06:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 94695

Barbara, It is nice to follow TA gurus but my rule is that every time some one is widely followed his analysis is not worth watching. This week action reminds me of October 97. The interesting point is that the FED injected money into the market this morning and this weekend treasury ministers are meeting to discuss latest events. There is panic in currency and commodity markets and that is the time to BUY. Gold will move contrary to the dollar - I bought ABX at 17 today Russia will get the aid they need and start collecting taxes their long distance company is trading on NYSE - "ROS" P/E is a sky high of 4.5. Yes ROS is a utility stock trading at 14 with 3.6 earnings <ggg> Bought today 3 lots at 14, 14 1/4 and 14 5/16 including my IRA. Korea is also interesting. From my sources hedge funds are buying/accumulating there. Still sitting on plenty of cash for more overseas ADR with. BWDIK Haim

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