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

To: Keith Fauci who wrote (3425)	5/8/1998 7:27:00 PM
From: Tomsr	Respond to of 9980

Sounds like time time to short Asia funds, is you ask me, especially Japan.

To: Keith Fauci who wrote (3425)	5/8/1998 8:56:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 9980

Keith, I do not think it is the right time to take position in these countries, not only you are standing in front of a freight train in the form of declining markets (some of which breaking to new lows, such as Korea), but you are also taking a currency risk of additional devaluation. I would not be surprised to see the the Indonesian currencies above 20,000 (vs about 9300 or so now). If the Indonesian market just matches its low from last year and the currencies is halved, in dollar terms, you'll have about 30%-40% left. Zeev