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

To: Worswick who wrote (1343)	2/14/1998 3:02:00 PM
From: ----------	Read Replies (1) \| Respond to of 2951

Worswick: I remember Biggs "all out screaming maximum buy" on HK. The market shot up 50% in 3 months. People were buying stuff they couldn't even pronounce, let alone knew what the company did. Naturally, when *someone* (hint hint) started cashing in on this run up, the public took off like a scared heard of cattle. That was the second HK stock market crash I went through. (The first was 1987.) Biggs is an economist. Like Henry Kauffman or Michael Metz, they all have their time in the sun. People got sick of Henry, I can't remember the last time Metz moved a market. Biggs too will pass, especially if he writes stories where no matter what happens he can point to a statement & say "I was right." Eventually, people will catch on like you already have & ask "but what about the 12 statements you made that were wrong?" Regards, Doug