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Technology Stocks : Trading TAVA -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (602)	8/12/1998 11:58:00 AM
From: Runner	Read Replies (1) \| Respond to of 655

Interesting. Japan is going down! It"s only a matter of time. Their whole system has been built on a house of cards. The banks lend anyone in the click billions without any equity. There are no good loans, only empty promises. Economic war is the future.. With Y-2K what is our outlook? TAVA is down. A betting man says today it stays under 5, unless TAVA pulls a rabbit out of its' hat. Runner

To: JDN who wrote (602)	8/12/1998 1:59:00 PM
From: Hawkmoon	Respond to of 655

JDN, While I agree with most of your comments, the real fear is that the current black-market money changing industry could drastically undercut Bejings efforts at supporting the Yuan. Additionally, Hong Kong seems to be burdening its new masters with its own currency and real estate problems, with some speculators seeing that the Hong Kong $ is vulnerable to attack. Any attack on the HK $ could create more pressure since it acts as a free-market proxy to the Yuan. (read also that there are pressures in HK to see real estate prices drop lower than the current -40% in order to encourage foreign investors to return). Additionally, it is being reported that the recent flooding may clip up to 1/2 % off of GDP growth this year, reducing China's ability to maintain employment rates for its workforce. And we know that the Chinese are a proud people, but they are also pragmatic and competitive. It is not what the leadership states that really matters, but what the underlying economic drivers force upon the politicos. JMHO Regards, Ron

To: JDN who wrote (602)	8/13/1998 12:15:00 AM
From: R. Gates	Read Replies (1) \| Respond to of 655

JDN, I only know Chinese from a few friends who are Chinese. You are absolutely right about their pride. Right on target with that, but, at some point international monetary reality steps in and dictates what must occur. It's very likely from a that if they don't devalue their currency they will suffer enormous financial hardships. Now, perhaps they are willing to do that, or perhaps they are not, based on "pride" or political reasons. If the yen keeps dropping against the dollar China will devalue. If China devalues, our DOW will go into the low to mid 7000's. All the pride in the world won't change these economic facts. People with a lot of "pride" still have to face economic reality. Still, you could be right, but I'm not betting on it... Best Regards, R. Gates