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

To: tom who wrote (3391)	5/6/1998 12:27:00 PM
From: tom	Respond to of 9980

Bank Negara spent US$100m this afternoon defending the Ringgit. Apparently the Tiger Fund has built up a large short position in the 3.60 - 3.80 range. Time for some more volatility methinks - accompanied by Mahatir moaning about the woes of currency speculation (ie Bank Negara tried it and found they weren't very good at it!)

To: tom who wrote (3391)	5/6/1998 5:46:00 PM
From: Stitch	Read Replies (1) \| Respond to of 9980

tom, Were your ears ringing? Its good to have your inputs back. We were just wondering about you a bit. Best, Stitch

To: tom who wrote (3391)	5/6/1998 6:38:00 PM
From: Thomas Haegin	Read Replies (3) \| Respond to of 9980

tom, it's really funny that you return the moment we thought of you here. Nice to see that you are still a visitor here. Hope you still have a shirt after all the Indonesia troubles. Thomas

To: tom who wrote (3391)	5/11/1998 8:44:00 AM
From: B Tate	Respond to of 9980

Tom; Been away from the thread for a few days doing 'business' in Penang and environs with Stitch. <<<a crack at the Ringgit as they reckon there are huge policy inconsistencies there (ie will they raise interest rates to defend the currency?).>>> To quote the good Dr. M " ....we will do what it takes to save good and profitable companies.... defend our currency against the manipulations of a few in the west who don't want us to prosper" The 'Policy' here is roll with the punches and do what is perceived as the correct course of action by outside investors. In the meantime protect the status quo of the quasi tycoons and seemingly monied Bumis. Dr M is an artfull speaker out of both sides of his mouth regards bt