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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Kapusta Kid who wrote (23980)	10/25/1997 12:41:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Pete, I was right no Hong Kong, but the gold shares were only part of my position. I also hold bullion, which hasn't been pretty here. -g- I use several criteria, including price earnings ratios for companies in croaking countries, the long term growth that I see for the countries "after the meltdown", and the negative press. True, Korea has been waiting to explode since 1953. The fact is, every day, North Korea grows weaker and South Korea grows stronger. You have to remember that the only reason there was ever a Korean War was the fact that the Soviets and the Red Chinese backed North Korea's imperialistic play (with encouragement from the US State Dept, which drew a line around the world stating where they would absolutely fight if there was communist aggression and neglected to include Korea. -g-). The story I hear as that folks in rural areas are already starving to death. I think an East German style surrender is more likely than an attack on a high tech country backed by the most powerful nation on Earth. But that is what makes markets. There would be many disasters if there was a Korean War, one of the worst being that Micron Tech stock would go up. -g- BTW, the same thing was being said a year or so ago about Taiwan. I was buying as the Commie missiles flew in The Formosa Straits. Look at what has happened to the Taipei Market since then. If you buy low and sell high, diversify enough so no one position kills you, then you can play some dangerous situations and make some big bucks. If you wait for some TA goofus to tell you to buy because it went up yesterday, the big money has already been made. My way is more risky, but much, much more rewarding. MB