DELL Bear Thread Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : DELL Bear Thread

DELL 117.44

-1.6%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Geoff Nunn who wrote (1773)	9/2/1998 10:17:00 PM
From: Bilow	Read Replies (2) of 2578

Hi Geoff Nunn; * Off Topic * About the HK intervention... I read the articles from the South China Morning Post, which is published in Hong Kong. A simple login will get you access: scmp.com Basically the government bought stocks, while selling the next future. In other words, they did a reverse arbitrage. My only conclusion is that what they would really like to do is destroy their futures. While they were supporting stocks, it would have been a no-brainer to sell stocks and buy the future, and any market maker would have done exactly that. So what they did was make a munificent gift to the market makers. I can't see the slightest reason for their action, as reported. I agree with you. This is not the actions of a government given to even a simple understanding of how markets work. I think it will be totally impossible for them to avoid playing with their new toy: Hong Kong, and I am quite sure that they are unaware of what the consequences will be. One cool thing about western capitalist governments is that have been burned frequently enough to know to leave things alone every now and then. -- Carl

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next