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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Marlin C. Harmon who wrote (653)	10/29/1997 7:41:00 AM
From: steve goldman	Respond to of 12617

No. Not at all, never mentioned that...From what are you extrapolating that? GIF's of Crash on Monday and Recovery on Tuesday....and the Hong Kong mutual fund trade seems to have paid off very, very nicely. Thought this would be interesting to look at. GIFs, snapshot screens of the Downdraft on Monday and Rebound on tuesday. go to www.yamner.com, then to Yamner Univeristy of the brick nav bar, then to Document download from the image map, at the very bottom of the table is a link to the html file. While you are there, check out the crash of 1987. Anyway, the gamble on Hong Kong seems to have paid off MUY NICELY. I think I discussed this on here yesterday and did it a few times at vey least on teh Trading Desk thread. Subject 15612 I bought a hundred thousand of WEHKX, Wright Hong Kong, got the ugly price from the nite before, 11.42 per share, down 1.62. Hong Kong was up last night 15+%. Not bad for a night's sleep. Normally, I probably would not have slept with that kind of money in a foreign market. I mean, this is not risk free by ANY means, in fact, it is as risky as it gets. Yous have no idea what their market will do, just an indication, which is like any other investment but here you have the confidence of a strong us market behind you. Hindsight, I should have been more, you just had a feel the us market wouldmove the rest of world. I had my fill, did not want to be a pig.; I have to tell you, I dont know anything about this mutual fund, what it has, what it does, its performance, etc. I simply bought it because of its full exposure to Hong Kong and the US market's rally. Regardless of what the US does today, sink or swim, the Hong Kong NAV is pretty much locked in since they are closed at this moment. I have one cleint that bought $300,000 at 3:58 yesterday. Nothing like making $45,000 on 300,000 whileyou sleep. Actually I wont know till later today what todays price is but it should beup 10-15%, maybe more, depending on how exposed the money manager for the fund was. Note that this issomething that does NOT NOT NOT happen a lot. I used to do it all the time with the Japanese markets when they used to go in line with the US. That stopped a few years ago and yesterday was one of the few times in the past year that I thought the opportunity was good enough to give it a shot. I just thought it was an area, an education you don't get from most sources. Anyone who heeded the advice, take your 15% profits and say goodbye. You don't want to be an investor in Hong Kong, just a trader. You have got to love this business. No better in the world. Regards, Steve@yamner.com