Ericsson overlook? Message Board

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Technology Stocks : Ericsson overlook?

ERIC 9.400

+0.1%

Nov 24 3:59 PM EST

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To: Alex who wrote (1726)	6/17/1998 5:09:00 AM
From: George Sepetjian	Read Replies (2) of 5390

Is the Selling over? Down 3 1/4 pts in rapid fashion & it finally makes a bottom? Maybe not. Today's NY Times Wednesday 6/17 has an article about China warning of devaluing its currency. And that is exactly what the Ericcson CEO warned about (see #1725) as being a threat to profits. So, I expect further volatility to the downside only because Wall Street hates uncertainty & this is about as uncomfortable a position Ericcson could possibly be in right now. Stuck between uncertain government policy and currency traders. I'm long term with this business but I'd sure hate to see all my profits erode further. Could become a traders delight for awhile.

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