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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Bonnie Bear who wrote (8678)	11/20/1997 12:13:00 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 18056

>>Chipmakers are rallying...this is turning into a great leading indicator of a vicious reversal two or three days from now.Bonnie, I think what you are seeing here is that people are betting that some chip, hard disk drive, auto, etc. manufactures will close their plants and in the future demand will outstrip supply. I think it was TXN that put their DRAM plant up for sale. Will these plants in the far east have to close because of lack of capital. It could be the market is betting on this right now. Joan