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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Time Traveler who wrote (25365)	10/27/1997 7:45:00 PM
From: Steve Porter	Respond to of 1578143

John, Here my $.02 on the market. Tomorrow: off in the morning, pulling to finish slightly lower Wednesday: back in positive teritory (although not much) Thursday: get back 200 pts.. Steve CYrix Rules!

To: Time Traveler who wrote (25365)	10/27/1997 11:28:00 PM
From: Maxwell	Read Replies (1) \| Respond to of 1578143

John Wang: <<At this point, I am very tempted to exercise my margin power, but the bad memory 10 years ago still haunts me, even after a few cans of beer.>> I wouldn't touch anything now if I were you. Wait till the dust is settled and move in. I remembered all semiconductor stocks crashed in late 1995. P/E ratios of stocks like INTC, AMAT, etc. were in the low teens. This could happen again. INTC is currently traded with P/E=19. It could go down to P/E=15 since growth over the next few quarters is not spectacular. AMD could be in the high teens if we are dropping at this pace. <<What caused this catastrophic event anyway?>> Collapse in asian currency. This will affect business in America alot. Companies such as AMAT, NVLS, etc. will unable to sell their equipment to asia since it is now too expensive for them. We will probably see delay expansion of plants until the currency is stabilized. Whether the drop in the asian currency is fictitious or real is yet to determine. If it is just an overreaction then the market will recover very soon. If it is fundamentally sound then it will take awhile to recover. 1995 Mexico currency crisis was real. Mexico had no monetary policy. They were just printing money like crazy. Maxwell