Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: saulmon who wrote (13748)	11/8/1997 8:04:00 AM
From: IQBAL LATIF	Respond to of 50167

I am convinced that most of the present market activity is an over reaction- The funny thing is that easy to say that the markets will fall but I know one thing clearly that HK Kaulalumpur Singapore Bangkok Jakarta Seoul Tokyo all down 24,8% 42,8% 24,6% 40,7% 26,9% 20,8% 18,2% on yearly basis respectively will find a bottom somwhere around present levels. Yesterday at one point market in HK was down 6% on a single IMF statement that fundamentals of HK economy look robust the market rebounded 3%. DD's are going thru a very difficult period of price cuts and competition however I am convinced that individually these companies have a top class balance sheets coming out of this transition period they will be first class product rich companies- I will like to add these disk drives at present levels in my portfolio, you may get hold of WDC a $ or 2 lower but like INTC we will see a rebound not in a very distant future- one thing is clear that these are not the companies one would like to short.