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Technology Stocks : BORL: Time to BUY! -- Ignore unavailable to you. Want to Upgrade?

To: David Miller who wrote (7319)	11/12/1997 8:02:00 PM
From: i-node	Respond to of 10836

Good pick, Neil. I look forward to your take on tomorrow's direction. Before the market opened today, and after looking at the overnight foreign numbers, I thought we'd see an immediate collapse today. Then, for a while this morning, I thought Neil had missed it. The Dow was holding up pretty well. I left for a few hours, get back and find Neil is right on target. I'm not so sure I'm looking forward to Neil's view on tomorrow, though<g>

To: David Miller who wrote (7319)	11/12/1997 8:08:00 PM
From: i-node	Respond to of 10836

BTW, seems to me Borland held up damned well given the market drop today....

To: David Miller who wrote (7319)	11/12/1997 8:30:00 PM
From: Neil Booth	Read Replies (1) \| Respond to of 10836

I thought I'd called it wrong when I went to bed about 1 hour after the open, too. At lunchtime in Japan, the Nikkei is weaker at just above 15,000. It rallied after an initial drop, but then the selling set in again. Won't make a prediction until the day is over, though. If you're a Japanese bank who can't get dollar funding, what do you do? Sell dollar assets, or sell yen assets and buy dollars with those yen. Dollar-yen FX is screaming upwards, now above 126. That'll keep going I think. We could see 150 by the end of next year. Certainly, don't hold the shares of US car makers! Toyota will have them for lunch at FX rates like that. Don't listen to the US administration trying to bully Japan into a stronger yen, or talk it up. It won't work. Neil.