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

To: Knighty Tin who wrote (28982)	6/12/1998 11:28:00 AM
From: michael c. peterson	Read Replies (1) \| Respond to of 132070

MB,Just stopped by to say THANKS.I've been to busy making money (taking your advice of course)in this bubble to spend any time here with the little people.<G> Also I miss the foaming at the mouth bulls that use to take shots at you.Oh well ,I guess they don't love you anymore.<G> I've been searching all over the internet but can't find any of them. BTW,the articles you wrote are fantastic!! Keep up the good work....MP

To: Knighty Tin who wrote (28982)	6/12/1998 11:59:00 AM
From: Michael Bakunin	Read Replies (2) \| Respond to of 132070

In re: Korea, you left out one thing; see biz.yahoo.com The important part is towards the bottom: "SEOUL - The South Korean government plans to put state-owned, blue chip companies up for sale on the international market in phases, the Planning and Budget Committee said. 'Inter-ministrial discussions on ways to sell public firms are almost over, and we plan to offer four or five firms to foreigners first, beginning in the latter part of the year,' a committee statement said. The government is considering privatising up to 10 state firms, including Korea Tobacco and Ginseng Corp., Pohang Iron and Steel Co. (POSCO), Korea Heavy Industries and Construction Co. (HANJUNG), Korea Telecom (KT), Korea Electric Power Corp. (NYSE:KEP - news; KEPCO) and Korea Gas Corp (KOGAS)." My take: good news in the long term, but the additional float will pressure these stocks in the short term. Nevertheless, even though they're a little overreliant on nuclear, I like KEP. I'm watching and waiting for the moment. mb

To: Knighty Tin who wrote (28982)	6/12/1998 1:40:00 PM
From: Bipin Prasad	Read Replies (1) \| Respond to of 132070

Mike, 1. Korea Electric Power (KEP) is down a ton. True, industrial activity sucks, but they haven't turned out the lights, yet. The ADRs are mostly hurt because of the strong dollar. Evening neon signs are under curfew to save elect., if you know how many neon signs there are all over in Korea every night. However some exports are increasing, especially to EU. later, InSook

To: Knighty Tin who wrote (28982)	6/13/1998 7:01:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

fyi, exchange2000.com pc industry seems to be on the brink of collapse.

To: Knighty Tin who wrote (28982)	6/13/1998 3:58:00 PM
From: Sam Citron	Respond to of 132070

Mike, Thanks for your thoughts on Korea. KEP and KAL do not interest me because they are artificial monopolies which are probably due for a dose of competition. I don't know Samsung Chemical but I don't know of any reason why one might prefer this piece of the chaebol to DD. PISCO (or POSCO as it is called in polite company) interests me only because of its reputed low cost production status. However I suspect that the Asian depression may put a crimp on the demand side for a while. Even great steel companies like NUE and IST are getting creamed these days. But, no doubt about it, Korea will come out of this eventually and prosper again. They have the discipline and social cohesiveness and the right underdog mentality to succeed. Hard times are no stranger to these people. They are used to making sacrifices and will claw their way back. I guess a disciplined scale down buying approach may be best. SC

To: Knighty Tin who wrote (28982)	6/15/1998 12:48:00 AM
From: kahunabear	Read Replies (3) \| Respond to of 132070

MB and All, Asia sure is looking weak tonight. I know you have posted a lot of info about various Asian CEFs and stocks. Frankly, I am too lazy to go back through the posts. I am starting to consider putting a little money there and would appreciate a list of your best Asian ideas. Or perhaps, you can point me to a specific post. Ideas from anyone else would also be appreciated. It sure is nice to see so many familiar names posting lately. I mostly lurk these days. When are you going to fly everybody in to see the races ? I'll drive. <g> Thanks, WS