Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (49301)	5/3/2000 10:18:00 PM
From: Haim R. Branisteanu	Respond to of 99985

Yea right what else can be said? I think we may rally Friday after the numbers will be released. The VIX needs some relief. <GG> Also would like to see my option premiums decrease some to be more balanced. Taiwan PPT team is at work now, interesting to see if Hong Kong will do the same. BWDIK Haim ______________________________________________________ Taiwan Stocks Rally, First Commercial Gains as Govt Buys; Hyundai Group Up By George Hsu Taipei, May 4 (Bloomberg) -- Taiwan stocks rallied, led by First Commercial Bank and International Commercial Bank of China, after the Economic Daily News reported Finance Minister Paul Chiu urged government funds to start buying finance shares. The TWSE Index rose 235.2, or 2.8 percent, to 8655.2, ending a three-day 4.6 percent decline. A series of cash crunches at banks and builders plus incursions by Chinese fighter jets into Taiwan airspace helped sent the index down 16 percent in the past month to a four-month low yesterday. ``The government is experienced in market support measures and officials knew now is critical for government funds to buy bank shares to restore investors' confidence,'' said John Lin, manager of Core Pacific Securities Corp.'s NT$500 million ($16 million) Pioneer Fund. The government will draw a defense line at around 8250 points, Lin said.