TNRG Tianrong Building Materials Message Board

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Microcap & Penny Stocks : TNRG Tianrong Building Materials

TNRG 0.0300

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Jul 17 12:46 PM EST

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To: Sigmund who wrote (2688)	6/28/1998 2:51:00 PM
From: SnakeInATuxedo	Read Replies (1) of 9824

<< If MFN passes, the climate for investments in China will improve dramatically. >> If it is passed, it will improve things, but it will unfortunately be immediately offset by the impending devaluation of the yuan. This is the real "wild card" now. And the Chinese have no real option but to devalue, the only question is: how soon? Japan's capital is evaporating as its people search the world over for a return higher than they can get on the yen. Every other Asian economy, already decimated, is being pushed even closer to insolvency by the relative strength of the yuan. When the devaluation has occurred, then there will be further opportunities in China. Until then, it simply makes sense to keep the powder dry. Why pay $1 for something you know you will probably be able to buy for $.75 or even less in a month or two? This is why no one cares about the shopping centre deal, Tilton paid more than he needed to, and now we're stuck with an asset that's about to take a currency haircut.

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