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 : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (57330)	8/10/1998 1:37:00 PM
From: Jim Patterson	Respond to of 176387

RE: In other words, the full effects of the Asian problems are now being experienced. Chuzz, How ya doin? I have a question on your opinions of Asia, Is this contingent on China not Devaluing the Yuan? Because if that happens, Asia will have another bad quarter or two infront of it. Jim

To: Chuzzlewit who wrote (57330)	8/11/1998 9:13:00 PM
From: Jorge	Respond to of 176387

Chuzz...Thanks for your response..sorry it's taken awhile to reply but have been at work long hours. <<In other words, the full effects of the Asian problems are now being experienced.>> I hope your are right, but I think it's too soon to tell, especially with the Chinese yuan being threatened to be devalued...I just heard on Bloomberg Radio that if the Chinese yuan is devalued we would experience an immediate drop of 800 points in the Dow....I also have read that if the Chinese do devalue their yuan it will prolong the Asian recovery...It seems to me that if 3Q corporate earnings in USA don't fall much, or even rise a bit, the Chinese yuan devaluation would negate the positive effects of Q3 earnings...I also read a piece in WSJ today that German analysts are revising downward their earnings estimates for the year..Downward revision is being done on a world-wide basis as well..An article in today's WSJ said "EVERY" world fund manager interviewed in a recent poll is revising their outlooks from their positive earnings views they held at the beginning of the year to one of considerable downward expectations (the turnaround views all taking place in a matter of a few months).....The ripple effects of these concerns are just beginning (IMHO) to be known. To fully reveal my position in stocks I am long (don't like to play the short side - DELL taught me that), but I did liquidate about 40% of my positions today and bought into a bond fund....If we do suffer (and as a long it would be suffering for me) a severe, prolonged correction/Bear I want to be positioned in "cash" for the next leg up of a Bull market....In fact, the time period preceding Y2K, if all other factors are lined up-right after Y2K effects are known as you said, may just be one of the best buying opportunities in a long, long time... Regards, George