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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: ---------- who wrote (1045)	1/9/1998 12:23:00 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 2951

Doug, RE: "I've looked at HK market. Sure, some banks have loans in Korea, Malaysia, etc. Okay, property was high. So, explain to me why stocks that are not banks, are not property/developers have been whacked by 60%++?" Because in a real good panic bear market everything gets sucked out the door of the airplane. Most of it's panic, some of it is the rational that a economic slowdown will occur and if will effect everything. Same thing happened in '87 here...the gold stocks were the last to get sucked out...but they got whacked. Of course you'll have some powder dry for the pearls in the street right? T/A is about all you can use right now. Can you say, double bottom? Jim

To: ---------- who wrote (1045)	1/9/1998 12:28:00 AM
From: RealMuLan	Read Replies (2) \| Respond to of 2951

<< I understand there is a HUGE short in the Chinese currency. (e.g., somebody would make a LOT of money if there was a devaluation.) Doug: I don't know what do you think. But I think those traders will be disappointed, because China will not devalue Yuan in the near future (say in 6 months). Best.