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To: Ted Jackson who wrote (22543)	11/23/1997 12:09:00 AM
From: James Choi	Respond to of 176387

>Should we also short US steel companies? I have no knowledge in the field. Everytime I try an unknown field, I got burned. So, I am sticking to the things that I use, such as computers and photography, etc. Korea is very desperate for dollar at any cost. And they have a huge inventory of everything, I was told. There will be a fierce exportation, and the US has no choice but eating it after having preached free trade for so long. Korean currency devalued more than 10% last week alone and it devalued more then 30% this year. Even at fair trade, it will look and feel like dumping. And American consumers with market driven spines will be hard pressed to resist the lure of cheap Hyundae when they actually set out to buy a GM in the first place. On off topic, it is my belief that lower yen will also kill Kodak worldwide by selling Fuji film. Many photographers argue Fuji is superior, although I like Kodak better myself. Anyway, the combination of lower price and seemingly higher quality of Fuji will be a heavy blow to Kodak in the short term. In the long term, I hope US products will win in the global competition. In the short term, I want to recover the loss I incurred in this I-thought-it-was-bull-but-now-I-realize-it-is-bear stock market. James Choi