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Biotech / Medical : CHDX--US China Industrial Exchange -- Ignore unavailable to you. Want to Upgrade?


To: Ron Conty who wrote (23)3/14/1998 6:39:00 PM
From: Wallace Edward Brand  Read Replies (1) | Respond to of 77
 
To: Ron Conty, What you say is possible. The simpler answer is that stock prices for enterprises operating in China have gone down because of the uncertainty over whether the currency will be devalued. Many, many other enterprises operating in China have met the same fate -- seen a severe drop in their stock prices. Occam's Razor tells us that if there are two causal explanations for the same effect, always take the simplest one. I'll stick with uncertainty over the currency; and I expect that when the uncertainty is completely over, and the projected return to profitability is achieved, my investment will have proven warranted. If profitability doesn't return when projected, then I'll be concerned. Wallace Edward Brand