IBM Message Board - Msg: 5417307

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Technology Stocks : IBM

IBM 292.44

-0.8%

Jan 23 9:30 AM EST

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To: Greg R who wrote (3660)	8/5/1998 12:54:00 PM
From: J R KARY	Read Replies (1) of 8220

Greg the yen at 145.9 to USA $ , could it be due to buying US stocks ? If your charts could find a Yen rich Japanese insurance company for me , whose stock is selling at a discount, I would be most appreciative . Wonder if hiding Sec'ty R. Rubin for few weeks and letting U/Sec'ty L. Summers mention the IMF is down to $10 bln spurred the YEN drop ? : " Not too surprising really, with the Japanese unit falling to a 145.90 low on Monday itself, barely a yen away from mid-June's 146.75 nadir. More significantly perhaps, our sources are suggesting that yen weakness is not merely speculative;a good part of the order to sell yen continues to come from genuine Japanese investors." business-times.asia1.com.sg Good effect is the Japanese will be buying IBM and the like but it sure lowers their Yen . Grass is always greener ..., my sense of greed is mounting , anybody have suggestions ? TIA, Regards, Jim K.

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