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Technology Stocks : Korea Thrunet Co Ltd - (KOREA) -- Ignore unavailable to you. Want to Upgrade?

To: mact who wrote (256)	1/22/2000 9:34:00 PM
From: Jonas1	Respond to of 406

Selling Korea Mact, like you, I am VERY frustrated that Korea is doing nothing. However, I sold IIJI at about 73 when it started to fall, and SIFY at 69 when it started to fall, and both subsequently had large runups. So I'm tempering my sells, now. My new policy is to try to double my investment every 3 mos, but not to sell until after at least some sort of pop. I only bought Korea about 1 month ago, so I'm still going to hold on. I know that Banc Boston, who underwrote TMCS, would periodically hype it, to no avail. This is what may be happening to KOREA. But I think the news we've been hearing is VERY SOLID. Also, I think the market for internet is much better in Korea than PRC or India, and similar to that in Japan in terms of a technologically savvy and relatively well-off population. Agree that current market cap of 4B is a bit pricey, but Korea appears to be one of the few games in town for the whole country, with B2B and cable and broadband aspirations as well. So I'm going to sit tight this time for a while longer. Jonas

To: mact who wrote (256)	1/22/2000 10:27:00 PM
From: Jack Hartmann	Read Replies (1) \| Respond to of 406

Mact, Your contribution is duly noted for the record. Note that KOREA in the past went from $40 to $60 in late November only two trading sessions. It has been in a narrowing consolidation since hitting $85 and dropping to $55. As the trading range tightens over a long period of weeks, the more explosive movements generally occurs. The direction is always questionable, but my money is on a sharp break to the upside similar to MTSN and RFMD ala few weeks ago. It takes patience to wait out a 5-10 week consolidation period, but if you're out when it busts upwards the cost will be higher to get back in. I'm not making money either right now, but the subscriber growth numbers for this ISP in a jumping Asian country are too hot to ignore. Jack