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

To: B Tate who wrote (2216)	2/16/1998 8:58:00 PM
From: Gary L	Read Replies (3) \| Respond to of 9980

Enjoyed your postings. Please keep at it. Yes, high percentage of players from ordinary walks of life are in KLSE. Virtually everyone I know. Virtually everyone are still holding from high buys and hoping prices to go up 4-10X to recoup. Looks tough. KLSE being dragged down by Indonesia. Most of the world do not know there is a big economic difference between Indonesia and Malaysia. Drive through KL and you'll be awed -- compares well with any well developed west coast city of N. America. Do you think it represents over-building and expenditure? I know it is no facade. Malaysia has much greater export abilities than Indonesia, Phillippines, Thailand, even Singapore - rubber, tin, petroleum, oil palm, technical skills, etc. I too, however, am caught in the downdraft -- and to some extent, am in self denial like for rest of Asia. I must play the trend. The KLSE trend is down to slightly stable now. Do you agree? My complaint has always been the high degree of money "leakage" from the system. Even in trading, the trading cost is almost 2-1/2% round-trip. Take a pot of money. With 10 round-trip trades, you're down 25%. It's not easy to make 25% -- and you're even at that! You mentioned Sime Darby. Seattle paper here says Boeing has formed J-V with Sime Darby and another Co. to build airplane parts for final assembly in the States. Maybe that is trivial news. I watch Maybank and it is up 50 cents shortly after today's open. What do you think of Maybank? LucyL of M'sia sent me an email saying that TA shows Maybank first support at 11:40 on downside, then 10:50. Now it is about 12:20. Can play?

To: B Tate who wrote (2216)	2/16/1998 9:04:00 PM
From: Derrick P.	Read Replies (1) \| Respond to of 9980

Bernie, Thanks for the voice of sanity, I was getting worried about people, esp. over here. <<<<The point is that the IMF probably is badly flawed, however to try and "fix" it in a time of crisis is nuts. Making it a political football is inhumane to say the least. Stabilize the situation and then change it. >>> Best Regards Derrick

To: B Tate who wrote (2216)	2/16/1998 9:09:00 PM
From: Stitch	Respond to of 9980

BT, re: your post number 2201:--> Hear hear! Best, Stitch

To: B Tate who wrote (2216)	2/17/1998 3:53:00 AM
From: tom	Read Replies (1) \| Respond to of 9980

I don't know if you're referring to Telecom Asia in Thailand but if you are I wanted to let you know that they don't earn any hard currency. All their revenue is in Baht as they don't do any international business. In its current form the company is bankrupt and will need either huge tariff increases or a debt restructuring to make it a viable company again. On a more important subject I couldn't agree with you more on the IMF/Asia arguments. On the one hand the IMF (which is essentially run by the Federal Reserve) is saying it cares about the social problems in these countries but on the other hand it is insisting that they carry on with their purchases of military equipment and aircraft from the US. Millions will starve in Indo and I don't think they'll be comforted by the fact that their country owns 20 more F-16s. Unfortunately, the leaders of Asia aren't that much better. Suharto could have prevented this whole mess by just being less selfish about his family's interests. As usual the ordinary people suffer.