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

To: Nancy who wrote (15452)	12/11/1997 3:11:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 50167

>>Re: Hong Kong - my youngest brother lives in Hong Kong, he used to work for Dow Chemical in its business development area and last year switched to Jardine (an old line British firm) when Dow started its worldwide restructure<< Nancy--your brother through Jardine should have a pretty good feel regarding what is going on in China >>Re: Cake run - In Chinese tradition, when a couple get married, the groom's family will send the bride's family and their friends cakes<< Well I just learned something about Chinese tradition. Now my former secretary is a Chinese-American and when she got married she did not give me any cake or a coupon -- I am going to ask her next time I talk to her why I got left out:) >> The wealth effect is very pronounced in Hong Kong, may be due to culture. General living standards remain the same though and employment remains healthy.<< See that is my point -- it is one thing when people don't buy Coach hand bags and Rolex watches -- it is another thing when the general economy is impacted. >>In general, things are very expensive when comparing to here. You and I will be "the cheapest" and wouldn't buy anything at their prices. :)<< Yep I agree -- we'd both be pretty cheap -- but who'd be cheaper??:) Assuming of course that Judy is not with us because otherwise we'd both be beat. BTW, I wonder if Michael fits into this cheap/cheaper mould?? Also, did you see that program on millionaires who live these ordinary lives -- the secret to their success in accumulating their wealth was that they were frugal as opposed to stingy--kind of like cheap and cheaper:) They also probably don't trade options:) >>As for quality stocks, I firmly believe there are plenty of quality stocks OUTSIDE tech sector<< I agree with you-- there are -- though I would not ignore the techs. >>PHYC, PhyCor, I know about it. Wouldn't you think HBOC a better company, although they are not exactly in the same category<< I know a fair amount about PHYC -- excellent CEO--HBOC is a very good company -- but over the next two years I'd say that the former has more prospects for appreciation. The risk with PHYC is that if the merger takes time to be absorbed one could see a hit occur short-term. >>However, I feel anything relates to managed care is tough business. Too much regulation, too thin a margin<< All businesses are tough-- look what has happened to the techs -- managed care is here to stay and the sector will turn -- it goes thru up ad down cycles like many other sectors >>TRV is good name to own. CEO is first class. Too bad the stock is near its all time high. cheap and cheaper cannot buy it. :)<< I agree that it is a good company -- I will only trade it at these prices. >>Oil service sector is in secular uptrend for probably another 2-3 years at least. Dont believe we would see 12/01 low before January earnings. If we do, better buy it hand over fist.<< Am looking to add to my oil position --when the opportunity presents itself. We really should develop a short-list of stocks that have strong appreciation potential over the next two years or so. I'll give you few names over the week-end -- may be others can do so. The criteria should be that they are leaders within their sector, are beaten down(somewhat), strong fundamentals and management and have the potential to double within two years or so. Take care