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Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?

To: herry iball who wrote (24605)	6/28/2005 12:00:01 PM
From: Bucky Katt	Respond to of 48463

Great analysis!! I forgot about the 4th of July, they have to be cheerleaders going into that holiday...

To: herry iball who wrote (24605)	6/28/2005 12:07:52 PM
From: Bucky Katt	Read Replies (3) \| Respond to of 48463

China, US, & Unocal>> Paying a fancy price for Unocal may be a less dumb investment than buying U.S. debt and helping keeping alive the cheap money era that Alan Greenspan has perpetuated as chairman of the Federal Reserve. At least China gets real assets, not increasingly dubious promises to pay secured on ever more lenient mortgage loans to sub-prime U.S. household borrowers. Yet there is also a compelling logic to it. The cash offer of $18.5 billion looks huge enough but it amounts to little more than one month's addition to China's foreign exchange reserves at the rate of accumulation seen over the past year. Where else is China supposed to put its pile of dollars? Into yet more of the low yielding debt paper of Fannie Mae and the other agencies fueling America's housing bubble? From a political perspective, the bid could scarcely have come at a less opportune time. It is destined to rile many in a U.S. Congress already fretting over trade issues and the Chinese currency peg. It will be another boost to those calling for punitive tariffs against all Chinese goods. From an overall Chinese perspective, the bid could be deemed unwise. iht.com