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

To: MajorAlpha who wrote (1262)	1/31/1998 1:03:00 AM
From: ----------	Respond to of 2951

Major: CHL was up. HSBHY & CITIC were up in London trading. My GUESS is that currency crises abatement in Korea, positive statements by IMF & World Bank, the time to allow reason to overcome emotion will all contribute to rally Monday in HK. I am NOT a short term trader....because I am terrible at it. But, I believe the H Shares & Red Chips should start to climb after the New Year. I have seen projections that HK could end 1998 back at the 15,000-16,000 range. A little optimistic, perhaps. But, IMO, many good companies are cheap. Nature hates a vaccum. Markets hate cheap stocks. Equilibrium reigns supreme over time. Doug