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

To: Gary L who wrote (2266)	2/19/1998 1:37:00 AM
From: peter michaelson	Read Replies (1) \| Respond to of 9980

Sayonara from West Coast USA. Hope tomorrow is more active on the thread, as apart from my litter of small kids here, it's my main mental stimulation. Do threads get funerals when they die?

To: Gary L who wrote (2266)	2/19/1998 5:32:00 AM
From: Stitch	Read Replies (3) \| Respond to of 9980

Gary; I remain cautious about the KLSE primarily from a conviction that the worse is not over and there will still be quite a bit of turbulence in the days ahead. I believe that, unless Japan announces something tomorrow that surprises everyone, we will see a negative reaction to their continued procrastination to move decisively towards resolving their economic doldrums. Interestingly, the rumour that Suharto was reconsidering his stance on the currency board today was the reason given for a continuation of a rally. My question is "if so, now what?" These markets here are starved for good news and react in knee jerk fashion to it. In the main, we still need a light at the end of the tunnel for a confident investment. Malaysia hasn't even seen the beginning of the layoffs IMHO. I also remain convinced there is real value on the KLSE and that the KLSE will likely see a more speedy recovery then other markets in the region. But for myself I want to see more forward momentum on a more solid footing. If you ask your question in the context of looking to time the lows for a long term investment I would say it is not time yet. If you want to buy in for a short term profit, wait till next week, after Japan's announcement IMHO. Maybank and SIDBY have already had a nice little run up this week. I am not sure how you invest but I would not currently pay a premium for any of these stocks. All of the above offered humbly with the usual caveats. I have been grossly wrong on more then a few occasions. Best, Stitch