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

To: calgal who wrote (23574)	9/25/2002 3:54:57 PM
From: TobagoJack	Respond to of 74559

Hello Westi, a very early good morning from HK (3:52am). I just got up to check in on Argentina and Cendant per my previous post written a few hours ago: Message 18032665 <<We will check out East Timor, Argentina, a windmill farm, and land suitable for a hay-growing plantation. ... Stocks ideas? We collectively thought Hub Power of Pakistan, Harmony and Gold Fields of South Africa, AOL and CD of USA, and IRS and CRESY of Argentina and some Indonesian shares were worth a nibble. Everyone also liked DAK's blind squirrel biotech portfolio because we did not understand they constituent parts, but appreciated the methodology.>> Well, now, a few hours later, quote.bloomberg.com "Cendant Cuts Profit Forecast; Lowers Mortgage Values New York, Sept. 25 (Bloomberg) -- Cendant Corp. shares fell as much as 19 percent after the franchiser of Coldwell Banker and Century 21 real estate brokerages wrote down the value of its mortgage servicing rights as homeowners repaid loans early" quote.bloomberg.com "Argentine Workers Seize Factories, Assets as Recession Deepens Buenos Aires, Sept. 25 (Bloomberg) -- Domingo Ibanez has a new boss: himself. Six months ago he and 44 other workers seized the bankrupt ice-cream flavoring factory where they worked" Lastly, of course, SA gold shares are getting slaughtered. We are once more recovering <g>, turning the corner, entering a bull phase, maybe until tomorrow or even the weekend:0) I am never in a hurry to lose too much money;0) and so will 'study' the situation for a while longer. Chugs, Jay