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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion
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To: SOROS who wrote (11955)6/16/1998 10:54:00 PM
From: Peach  Read Replies (3) of 13949
 
*** Message from Mad Monk ***

Hold on to your hat, SOROS, I had a talk with Mad Monk this afternoon and he asked me to post the following on SI. I am writing it in the first person - I hope I do justice to what he said. I took notes, but he talks very fast. He said he will be in the Far East in July and August and will call me when he returns to report first hand on the Asian situation. He also wants me to post that report on SI.

Norma
______________________________________________________________________

First, I send my best to my friends. I care about you, but am very busy and haven't been reading email, etc. I keep an eye on the Y2K index, but not individual stocks at this time. I am 100% cash and recommend it. At the least, you MUST get rid of margin. The Y2K stocks will come back during the panic, but it will be a short window and you must be very nimble. I will be back in Y2K with a vengeance when the panic hits and will communicate with you then. Time is running out for fixing Y2K!

How will we know when the panic is here and it is time to get back in?

1) The Asian situation is stable.
2) Clinton jumps in and makes things happen.
3) Watch the Y2K index! After it has bottomed and risen above the 20 or 50 day moving average with increased volume, the panic time is here.

The Asian currency situation is WAR! Australia is included in the Asian mix!

People in the Far East must first think of basic survival for themselves and their families, THEN consider their investments.

Be thankful for, and protect what you have!

Regards,
Mad Monk
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