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To: Tunica Albuginea who wrote (37940)	10/28/1997 5:00:00 AM
From: Gary Ng	Respond to of 186894

TA, Re: your question and my opinion I believe unpeg is the best solution. Let it float up or down. HK$ is attacked because these traders know the reaction of the SAR government, rate hike. They don't mind losing $ in forex market, they covered it with puts in the stock market which given what happened is huge profit. Forex lose to them is like tax only. BTW, it has nothing to Chinese (PRC) government. It is the SAR government that is handling it. These are the same people before the change over. But they are lousy. Gary