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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (18526)5/15/1998 9:19:00 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 94695
 
Bill I am not sure about today, in a way ot is quite difficult to predict accurately on a day to day basis.

As to trading strategy, I may go long the BOX makers e.g. DELL, CPQ, GTW for intraday pop.

Haim



To: William H Huebl who wrote (18526)5/15/1998 6:43:00 PM
From: Robert Morrison  Read Replies (2) | Respond to of 94695
 
Bill. I haven't posted here for a long time and only wanted to say that those people calling for the dismantling of the IMF are right.

I have family working in the Australian embassy in Jakarta who are now being evacuated but cannot to the airport because of the fires and riots so everyone is sleeping on the embassy floor. So there you go all this currency crisis actually affects real people at the end of the day and just isn't a boil on the butt of the US stockmarket.

The situation is food price increases along with everything else have left most Indonesians with nothing to lose so anarchy now rules.

Even if you don't like Suharto, the IMF has demonstrated along with the world's capital markets the worst aspects of western capitalism. In other words, pay the bills no matter what the social cost because the bankers must not lose...especially those bankers who lent $billions to the Suharto family knowing full well the government was corrupt.

The fact that Indonesians are not white westerners probably assisted with the IMF's attitude. The result of the IMF's pig-headedness the country will probably experience a military coup in the next week or so (the army is already in the streets of Jakarta) with the result being the 4th most populous country in the world perhaps ending up in civil war or at least a lot of people losing their homes if not their lives.

Who knows what all this will mean for security in the Western Pacific but one thing is certain and that is the Asia crisis is going to get probably worse and will take years to fix. Pity the little people getting chewed up and spat out as a result.

Cheers

Rob

PS Remember the 55 day rule...it actually works.