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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE -- Ignore unavailable to you. Want to Upgrade?

To: lostmymoney who wrote (1156)	1/3/1998 10:18:00 PM
From: Sergio H	Respond to of 2377

Mike, ASIA does look like an interesting story. What did you come up with? Anything on the Demsey Mork shorting play? Stock is down obviously due to Asian currency mess, and specifically the effects that the Chinese tightening of credit has had on company's sales. Still, the co. is profitable and the PE is only 7 compared to it's industry avg. PE of 30. Stock is being shorted heavily for such a small volume stock. It looks to me like a suicide squeeze play in the making. Thre are 12.7 mil shares and the float is only 1.8 mil. Asean Capital, which includes the CEO Gunter Gao owns over 85% of the shares. I like this one Mike, let us know what you come up with. The other one that you asked me to look at is also worth concidering. CHSE is a worldwide computer wholesaler, mostly of Hewlett Packard products. Usually, as HWP goes, so does CHSE. Only, that hasn't been the case lately. Co. recognizes that the shares are undervalued and announced a share buyback of 1 ml. shares on 12/18. Four analysts came out with favorable reports in the last two months and there was HUGE institutional buying at the end of Sept. I like this one also Mike. Take a look at HWP on Fri. This one looks to easy. Am I missing something? Sergio