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

To: Bosco who wrote (2306)	11/17/1997 6:44:00 PM
From: Crossy	Respond to of 37387

Hi Bosco, well the exuberrance the other way round is finally going to fade. Japan finally concedes that it got to solve its problems. In fact many economist consider those phantom-loans and the time bombs in its banking system as THE major roadblock towards a full-steam recovery. Thanks good no more public-spending is under way there but rather a plan to fix the banking system is going to emerge. Next move should encompass even more deregulation and FINALLY (first time since 15 years) true, lasting taxcuts (especially in the income tax). Let's see to what extent of economic sensibility the current LDP government is going to come at terms.. OTOH, interest rates in HongKong are finally falling which is quite healthy. Only problem country in the region is South Korea, which is experiencing a total reshuffle in its economic structure. Hope they manage it smoothly because it's not nice to see one of the hoittest growing regions in turmoil. Regarding US inflation, I bet that years down the road the financial press will honour the SE Asian induced "market reaction" as THE major factor fuelling the current rallye with UNCHANGED rates to its next level. Joe Granville predicts DOW 10000 by end of January. I think if this is going to happen, we might see NAZ Composite 2000 coming up within half a year.. Anyway, next time I will have INDEX-PUT options ready, after gaining 30% <G> best wishes CROSSY BTW: look to the financial sector ! Very hot ! EGRP, SFC should do very well. Also UGLY (which is a car dealership) but actually more of a bank (car-loans) should get a nice boost...

To: Bosco who wrote (2306)	11/18/1997 11:54:00 AM
From: Crossy	Read Replies (2) \| Respond to of 37387

Bosco, --- and the story goes on -- ! my current position is holding on, even gaining, at a time when techs are down a bit. Due to my admittedly lucky SFC purchase yesterday, I'm solid in the plus. The company announced a share buyback program (up to 1 mio. stocks) and - wow - the directors are sacrificing a good deal of their year-end bonus on this. I love this - music to my ears. NANO, CYMI held ground, CTU up strongly (seems lagging in its moves), so today is very fine to me. Hope You are also able to prevent a damage to Your position in today's rough sea. I looked at KLIC's quarterly numbers. Believe me, I love what I see. Sales + earnings are sequentially increasing. Current quarter earnings are 0.63. This means implied annual current earnings are 2.52 (calculation possible because of non-saisonal business structure). At slightly below $30 this translates into a current implied PE around 12. And the company believes next quarters to show sequentially increasing earnings. I will take a position in KLIC shortly.. best wishes CROSSY