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Technology Stocks : Elamex(ELAMF) -- Ignore unavailable to you. Want to Upgrade?


To: VALUESPEC who wrote (129)10/28/1997 5:58:00 AM
From: VALUESPEC  Respond to of 276
 
The following if from the Motley Fool's news from Monday evening. It talks about the Peso loss. ELAMF, I'm sure, held up because of the Peso loss which I good for ELAMF:

<<Latin American stocks took a pretty bad spill today. Mexican stocks took things especially hard as currency outflow drove the peso down 7% against the dollar. TELEFONOS DE MEXICO (NYSE: TMX) lost $7 to $39 9/16 while lesser-known names such as consumer products and electronics retailer GRUPO ELEKTRA (NYSE: EKT) took even bigger hits. Grupo Elektra lost $6 5/8 to $24 1/2 on the day. Mexican broadcasters were also attenuated by selling, with GRUPO RADIO CENTRO (NYSE: RC) falling $2 9/16 to $13 1/16 and GRUPO TELEVISA (NYSE: TV) losing $5 3/8 to $29 7/8.>>



To: VALUESPEC who wrote (129)10/28/1997 6:07:00 AM
From: VALUESPEC  Read Replies (1) | Respond to of 276
 
Correction: 8.6 pesos to the dollar ! That is even better for ELAMF:

<<Currency Table I: Key Currency Snapshot

10/27/97 6:36:23 PM

BID DAY'S HIGH DAY'S LOW
British Pound 1.664 1.6645 1.663
Canad. Dollar 1.4054 1.4061 1.4055
Dutch Guilder 1.963 1.9665 1.964
French Franc 5.859 5.8656 5.8565
German Mark 1.7415 1.7495 1.7425
Italian Lira 1708.75 1708.75 1709.25
Japanese Yen 121.75 122 121.71
Mexican Peso 8.55 8.6 8.6
Swiss Franc 1.4338 1.441 1.43>>