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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Mark Nelson who wrote (7392)10/25/1997 6:12:00 PM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 94695
 
Hi Mark, >>HK is bound to unpeg, don't you agree?

I personally think HK will unpeg, but it could be a long time from now or they could do it this weekend.:-) I think it depends on how much they are willing to spend to keep it pegged and for how long. If they run out of assets during the prop up process of course it will be all over. History tells us this is inevitable.

Joan



To: Mark Nelson who wrote (7392)10/25/1997 8:33:00 PM
From: William H Huebl  Respond to of 94695
 
Mark,

I do NOT agree... it looks like it is already over... or close to it. Comeon now, those shorts would have already booked and now what you have is a one-sided market. Of course, too much of a good thing can cause a crash... so there CAN be more turmoil... but NOT from the shorts!

Regards,

Bill

BWDIK?????


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