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To: Bill Harmond who wrote (65520)6/30/1999 12:43:00 AM
From: Jan Crawley  Read Replies (3) | Respond to of 164684
 
Great idea.

By george, She is got it!
You said -- Amzn is a "10 baggers" from $115. Amzn @$1,150 per share.
KIS said -- Amzn will drop 90% from $115. Amzn will be $10 per share.



To: Bill Harmond who wrote (65520)6/30/1999 4:35:00 AM
From: GST  Respond to of 164684
 
William -- Wednesday June 30, 4:08 am Eastern Time
FOCUS-Asia stocks slip, bond yield rise hits Tokyo
(Adds market closings)

SINGAPORE, June 30 (Reuters) - A rise in Japanese bond yields helped sent Tokyo stocks sharply lower by Wednesday's close, while most Asian markets also tapered off after recent gains.

Only Bangkok marched higher, rebounding from previous two days of declines.

The Nikkei 225 average closed 1.42 percent lower at 17,529.74. It briefly climbed as high as 17,958.34 in the morning, an intra-day high for the year.

The rise in Japan's long-term interest rates, coupled with the yen's advance against the dollar, cast a shadow over the Tokyo market after early gains inspired by a rise in U.S. stocks and strong foreign buying.

''The Nikkei has gained ground without heavy trading volume, and it's quite natural to see profit-taking,'' said Shigeru Yoshida, deputy general manager at Wako Securities Co Ltd.

Japanese government bond (JGB) yields jumped after Bank of Japan Governor Masaru Hayami said Japan's economy had ''clearly'' stopped declining, raising speculation that the BOJ was looking to change its ultra-easy monetary policy.

The yield on the benchmark 10-year JGB rose 10 basis points to 1.905 percent by midday.

The yen also finished broadly firmer and by 0630 GMT the dollar was at 120.74/79 yen compared with 121.02/12 in New York.

''We expect U.S. interest rates to trace a rising trend anyway, but anything larger than a 0.25 point hike could pull down Tokyo stocks tomorrow,'' Yoshida said.

The U.S. Federal Open Market Committee (FOMC) on Tuesday began a two-day session expected to end in an interest rate hike. It will announce its decision at around 1815 GMT on Wednesday.

Hong Kong's Hang Seng Index (^HSI - news) was down 0.27 percent at 13,728.82 by 0728 GMT as blue chip stocks moved lower with investors waiting for news of an expected U.S. interest rate hike, but China H shares continued to outperform the market.

''I think investors are still a bit concerned about the U.S. interest rates, and I expect investors will focus on the second-tier stocks for the time being,'' said Terry Cheung, sales director at Core Pacific-Yamaichi Securities.