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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: valueminded who wrote (26316)	3/2/1998 12:15:00 PM
From: Knighty Tin	Read Replies (3) \| Respond to of 132070

Chris, I still like my Asian plays. Taiwan has no foreign debt and a growing economy. Singapore is nearly as good. The Philippines are not quite as strong, but their stocks are too cheap to believe IMHO. And, in Japan, the little companies are still humming along while the giants are stagnated. I don't like China or Hong Kong right now, and I only play Korea for bounces. India still looks good longer term. I would buy some Thai shares as a speculation if the Webs ever became available. Everyone loved Thailand at 20 times eps and now everyone hates it at 7 times eps. That is a contrarian's dream. I still think that the Asian crisis is going to hit our market, with our huge trade deficit. But it is going to be Asia coming back and cutting prices that hurts most, not the fall from grace. I like Impala Platinum (IMPAY) and Stillwater Mining (SWC) in the platinum/palladium complex, Newmont and Barrick in gold, Hecla in silver, Plains Resources in oil and gas, and Freeport Gold and Copper in copper. I also like First Australia (IAF), Chile (CH), and Southern Africa (SOA) funds for their discounted asset plays. GTW is way off its high. Hewlett and IBM haven't kept up with the market. But, I was really talking about fundamentals, not stock prices. Hewlett and IBM have been sucking wind fundamentally for several quarters and the crowd still considers them as "growers." HWP will be a grower again some day, but I think IBM is doomed longer term. MB