Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: shane forbes who wrote (9612)	2/9/1998 8:52:00 AM
From: Beachbumm	Read Replies (1) \| Respond to of 25814

Boy, are you and I on the same wavelength. I am looking to sell covered calls on further gains in the next weeks. Asia is beginning to bother me even more. The socio-political fallout may be extreme. I have some firsthand experience of Indonesia and while the govt. (a.k.a. military) can be very firm, it also will allow abuse of the ethnic Chinese minority as a pressure release valve in this crisis. (You know, let's blame the Jews!) Same will happen in Malaysia. And it's the Chinese who are really the linchpins in the local economies. How will the mainland react if the overseas Chinese are being suppressed or looted? Will China devalue the yuan to compete against the other tiger currencies? The more forcefully it says no, the more I am thinking, Yes! I do not think we have seen the worst yet. Japan to the rescue?? Beachbumm

To: shane forbes who wrote (9612)	2/9/1998 10:00:00 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 25814

However, the casual dismissal of QCOM's warning; the arrogant contention that Asia's problems are largely regional; and escalating valuations indicate that this is a trading rally... Yes it's powerful, but don't confuse the current advance with the beginning of the next sustained uptrend. Very well said. As far as Asia goes, there has been no change in fundamentals. The current rally is based entirely on sentiment. Anybody who views it as a signal that the problems "are over", is likely to get a rude jolt in the near future. Dipy.