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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Crossy who wrote (2135)	10/29/1997 6:34:00 PM
From: Bosco	Read Replies (1) \| Respond to of 37387

Crossy - there is one other issue about the overseas' rates, specifically, the SE Asian countries like Taiwan, that we should not overlook. You see, many cos in these countries who are trading with the US, let say, might ve borrowed the USD but would repay with local currency. And chances are that there were clauses in the contract to insure the bank(s) to get the full amount when translated to USD. Once these countries have chosen to float their currencies, the repayment (not refinancing) amount would suddenly balloon. Maybe the HK Monetary Authority knew something afterall. rgds Bosco

To: Crossy who wrote (2135)	10/30/1997 8:16:00 AM
From: Iris Shih	Read Replies (2) \| Respond to of 37387

Hi Crossy, I remember last time when I went back to Taiwan the exchange rate of US vs NT was around 1:25-26. Right now it is 1:30.75+. One of my friends told me the other day that her sister (an exporter) believed that NT will be devalued to 33 level soon. I read an negative article on Taiwan semi foundries the other day. Can't remeber the details now. If I can dig it up, I'll post later. Among the Taiwan semi foundries, I like Taiwan Semi Manufacture best. It is the largest and best one on the island. Its ticker symbol is TSM. Just had its ipo in early Oct. at 22. Its recent high is around 33. Now it closed at 19 yesterday. I am looking to buy it around mid-teen. Regards, IRis