3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: Mang Cheng who wrote (21066)	8/31/1998 1:56:00 AM
From: joe	Read Replies (1) of 45548

>>capitalization of the whole HK market is about $270 Billion US, the HK Government has $90 billion US reserve, so the most it can own is 33% of the HK market.<< If it waits for some dips, which seem to happen because everybody wants to sell when they get the opportunity, then the Gov't can get the stocks for cheaper. Seems that they may intervene at 6500. biz.yahoo.com BTW...can you shed any light on their strategy. It looks like investors are getting confused and just bailing out if they can. On the other hand, maybe speculators will know that they can push their hand only so far before the gov't steps in. All, this so that the HK peg can be kept up to support the Chinese currency. I guess, it's still not possible to unpeg HK currency from the $? The area there is still to weak? joe

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