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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (1583)	5/12/1998 1:18:00 PM
From: ----------	Read Replies (1) \| Respond to of 2951

Jim: I'm no technician , nor do I claim to understand TA that well. I can tell you the HK daily service I subscribe to has indicated that technically it was necessary for the HK market to dip back under 10,000. It did so last night, closing in the 9,7xx area. They indicate first support is 9450. From a fundamental point, they mention the lackluster Japanese market, the continued unrest in indonesia, the violation of nuclear testing by india, and some problems with the Phillipines general election. IMO, the entire region is lumped together by many investors. Just as "technology stocks" are lumped together by many with no differential between chip makers, PC sellers, or software suppliers. To throw away the rose because a thorn stuck you is an opportunity for someone to get a free rose. <g> Personally, I try to follow the words of John Templeton and Peter Lynch.....if you buy good stocks, eventually you will be rewarded with good stock prices. I continue to closely follow the news of the individual securities I own. Through all of these gyrations, I have not seen any of the investment criteria I used to pick them change. Thus, I do not sell, I wait. That is just my personal opinion & method. It may not work for anyone else, nor do I claim it is any good. You asked for my thoughts and I gave them as honestly as I could. Best Regards, Doug