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STOCKTALK

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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (953)	11/26/2000 10:48:35 AM
From: elmatador	Respond to of 74559

Jay, I was in Indonesia during the BRE-X case. By the time that trader in Singapore sank Barings, anyone reading the writing in the wall would know that Asia was in for a nasty surprise. When BRE-X came to the news the writing was no longer in the wall, it was being plastered in the faces of anyone with open eyes.

To: TobagoJack who wrote (953)	11/26/2000 10:58:01 AM
From: Tommaso	Respond to of 74559

I have thought the same thing about SI as an archive. especially an srchive of the last years of the great stock mania. Too bad the Nazis didn't have tape recorders and e-mail at the end of World War II--although I guess there is already an overload of archives about that. I followed the Bre-X thing as it unfolded, so I know what you are talking about. A less-noticed instant boom-bust that I was in on was Tanganyika Oil, which a few years ago tripled in three weeks on hopes for hitting a big oil strike in Tanzania. I made money on that one by selling half my holdings when they had doubled. Soon after that, after a second dry hole, the stock went to almost nothing. Now TYK is back drilling again in Tanzania, and has some other interesting ventures and successes, but nobody feels like bidding the stock up again. I actually own some again but do not expect a renewed mania. This chart does not show the 2-day spike to above 12 that occurred before the collapse: quote.yahoo.com