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


To: Stitch who wrote (2054)2/11/1998 6:23:00 PM
From: yard_man  Read Replies (3) | Respond to of 9980
 
I don't know what it was today. Call it a hunch. I sold all of my EWM at 6 1/4 for ~20% profit. Going to wait for a pull-back. Too tempting to try and make a little more trading the volatility. Someone famous came out with a bullish statement -- made me nervous.

Expecting to get back in around 5 or so. If not perhaps I'll look for some specific shares on the next downturn.

Good luck to all.



To: Stitch who wrote (2054)2/11/1998 10:32:00 PM
From: B Tate  Read Replies (1) | Respond to of 9980
 
Stitch
Was watching Asia Business news last night and lo and behold China has a currency problem! Guess what it isn't devaluation, just the opposite, they are trying to figure out how to maintain the current level of yuan and yet not cause a devaluation?????? Wasn't paying to close attention, only one ear - as I was still trying to get caught up on the threads I follow ;-). But they did show the Minister of something or other promising to keep the yuan at the current level.

FWIW
bt