Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (13034)	7/27/1998 7:50:00 PM
From: Ramsey Su	Respond to of 152472

Maurice, while the US will sell the statue of Liberty to whoever willing to pay the price, some of these other countries may be a little more protective. biz.yahoo.com I think Korea should be praised for fighting off $$Bill. Does this look like the Japanese or anyone are eager to buy yen? TOKYO (Nikkei)-Japanese individual investors are flocking to investment trusts set up and managed overseas, say industry sources. With no sign domestic interest rates will rise from record-low levels, individuals are aggressive buyers of high-yield foreign bond investment trusts. The outstanding net asset balance of such trusts bought by Japanese investors was up 290% year on year at 2.71 trillion yen as of the end of June, a 143.3 billion yen gain from May. Sales growth in June came mostly in foreign currency-denominated bond investment trusts which guarantee principal and in dollar-based money market funds. The net balance of bond investment trusts increased 154.1 billion yen from a month earlier to 1.96 trillion yen in June, accounting for 72% of total assets in investment trusts. The yen's weakness increases yen-based yields on foreign currency-denominated investment trusts, analysts noted. (The Nihon Keizai Shimbun Monday evening edition)

To: Maurice Winn who wrote (13034)	7/27/1998 8:00:00 PM
From: Jon Koplik	Respond to of 152472

To all - no one really followed up on that post that led to a "point and figure" chart on QCOM. I do not use point and figure charts; and my natural reaction to them is "this is ridiculous," but I am aware that a lot of very smart and very long term observers of stocks, bonds, and futures swear by them. In this week's Barrons, there is an interview with Alan Shaw (who I think of as "Louise Yamada's boss") (Louise Yamada has occasionally been a guest host on CNBC; and has just totally "blown me away" with her intelligence and knowledge of markets). Alan Shaw describes how HE thought point and figure charts were absurd (around 1961-1962), until they exactly predicted a huge move in the stock group he was then covering (using fundamental analysis only). Anyway, the article is worth reading. (I am going to respect Dow Jones' copyright, and $49 a year charge for WSJ + Barrons, and not copy the article here). Jon.