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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (82056)	1/3/2000 3:41:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

if it continues to accelerate up like it has in the past two years it should double within three months. please note that i do not believe that that is going to happen...

To: MythMan who wrote (82056)	1/4/2000 12:02:00 AM
From: Lucretius	Read Replies (3) \| Respond to of 86076

hong kong But profit-taking is in the big caps, and still the smaller companies and tech companies are where the excitement and the volume are,'' Harwood said. Financial blue chip behemoth HSBC Holdings Ltd led much of the morning's decline, falling about 1.85 percent on turnover of HK$212.3 million in early trade. Reflecting the Dow's movement overnight, the rate-sensitive property index (^HSNP - news) and finance sector (^HSNF - news) led the index's fall. But losses in technology plays were limited and buying volumes were still strong in second and third-line tech-related stocks. Internet play Pacific Century CyberWorks retained its position as the most actively traded stock and slid less than one percent on turnover of HK$574.2 million. Traders said technology investors were shrugging off interest rate concerns because they believed the sector would not be affected by higher rates. ''Since that is what they believe, I'm not really worried about a major correction. The index will hold above 17,000 and I wouldn't be surprised if it returned to a higher level by the end of the day,'' said Law. One hot stock that bucked the bearish trend was red chip China Overseas Land & Investment Ltd (COL) , which said it was moving into the satellite business with Chinese partners including Xinhua news agency and the People's Bank of China. The stock jumped HK$0.44 or 32 percent to HK$1.81 on heavy turnover of HK$284.3 million in early trade.