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Technology Stocks : IMOT, the Yahoo of China??
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To: Softechie who wrote (324)3/12/1999 3:46:00 PM
From: Retired41  Read Replies (1) of 781
 
Softechie, you can say the Asian economy as a whole is improving, but China is really not part of that whole. If you haven't been there I really can't begin to take the time to explain. But there are several great text type books available. Most college bookstores will have at least one. I think you would really like them. Pretty neat stuff if you like geopolitical economic theories.

In any event you still have solvency problems (in the region as a whole), crushing debt, and in China no real currency. The region's banks are in crises and several are privately very nervous about the future.

I agree with the guy on this thread who posted - in defense of the stock by the way - that this is a VERY risky deal.

So the point is, if you have made a good return (heck 10% in a week is great... think what that would do in a year!) why push it.

It's nice to believe, but I gotta be a business man. Sorry.
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