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Pastimes : NNBM - SI Branch -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (24075)	3/2/2003 6:35:06 PM
From: Clappy	Read Replies (1) \| Respond to of 104167

How you hedging against currency risk. one of these days they may just devalue. Yeah. Good question. I guess I haven't got it all figured out. I keep thinking how the dollar is weakening but haven't put much thought about what would happen if Japan devalues the Yen. I'd be forked. That would be good for Japan's economy but make my shares suddenly worth less. I suppose it would be better to wait for the Japanese to devalue and then jump in. I wonder what percent the Yen would come down and would it come down more than the rate at which our dollar is sinking. I guess if a trade takes this much figuring, it isn't really worth making. It's a shame because I really like the way the chart is shaping up. Actually I'm surprised the Nikkei has held up this well in recent weeks despite of the talk of devaluation. Foreign investment must be drying up completely. Perhaps I'll keep this as a small position and not add much more to it until Japan makes the first move. Thanks for asking me that question. -Clapper