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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (1973)	2/7/1998 7:49:00 PM
From: yard_man	Read Replies (2) \| Respond to of 9980

First, I'm no investment genius. I just try to keep it simple. Second, I have not followed the Korean market as closely, but expect that those able to invest at par (some have mentioned an open-end fund -- Templeton invested in) may not make a mint overnight. However, in my mind a much better idea than investing in our bloated market. Will the dollar remain the store of value that it is 3 - 5 years out? I think the odds are against it. Re precious metals: I have a small position in a gold miner --- one that actually has extracted real metal from the ground. My initial investment was cut in half so I bought more. If gold revisits its lows again -- I will buy more. I am considering platinum also. To me it is simple -- 12-year lows for gold. I have never considered purchasing miners before. Re BEARX. I would hang in there. Some fools think that the cyclic nature of capital spending has been erased in the "new world" of tech. Bunk. Some Companies will probably do well in a downturn, but how do you identify them? Large cap stocks are discounting everything continuing to be rosy for the next 5 - 10 yrs, IMO. Personally, I'm not sure whether it is better to be short high priced techs or big caps. In the tech area, if you you can call 'em you can make a lot of money. Look at DD and DRAM (i.e. the history -- not to short now). I'm currently short CLX as a play against an expected downturn in the big caps. It's gone against me a little lately. I may close the position if it breaks it 52-week high in order to deploy later, perhaps DIA if that happens. On the tech side I like AOL as a short after the split is announced if it can rally to 105+ or so, but it is decidedly risky. Have a little bit of FPF that I paid way too much for, apparently. I own TTELF -- a recent purchase and a couple of small caps in addition. Else, I'm mostly cash. I get 4 3/4% with my broker and that's not bad right now, in my way of thinking. Waffled about purchasing GEMS, in a related area, but it ran up on me. BTW -- I won't be surprised if you do have another oppty to buy anything you want in SEA. As others have pointed out, the troubles either aren't being addressed yet or are only starting to be addressed. Please don't take this as advice. Lots of folks have made money trading this and that's cool. I'm simply not that good. My time frame is about 18 - 30 months. Personally I'm frightened of investing in Indonesia. FWIW