Russia got creamed over night,, at one time it was suspended,,having lost 70% of her equity ,, in less than a month or so ,, THERE IS A TALK OF RUSSIAN RUBLES NOW,,
Germany as I've always argued,, down 200 points.. for holding large Russian notes..if Germany ,,the backbone of EEC goes down ,, UK is next ,, UK and US has been the stalwart of the western economic power alliance.. if that fails,, with China devaluation putting rest of Asia in a juggernaut,, god help us..
Hang Seng crawling at 6,000s,, as only in Jan it was at 11,000.. Yen at 145 and change,, when I was at Venice last week ,,it hit 147 and change with analysts calling a global sell off if it hit 150 .. as only last fall my Japanese friend at Morgan was telling me with a glint of pride,,,,it's now almost same with USD and Yen,, how the winds of change occures,, some writers in Asia even claimed the Asian economic ,, renaissance,, except people got complacent.. got rich too fast ,,spent too much on Gucci and at the Sotherby's auction... a lesson to remember ,, spend less than you make,, don't go neuvo rich bourgeoise mentality ,,
Spoos minus 8 as we speak ,, cross the board US stocks down in Europe,,,,
Dell has to come in well otherwise,, we will die and the whole tech sector will get crushed.. I covered my shorts at 107 13/16th at 107,, x 4,000 chart looked bullish at closing,, but I think it will change today ,, the whisper no for Dell is ,,
12 Month EPS: $1.45 PE Ratio: 74.1
Scheduled Report Date: 8/17/98 Last Quarter's EPS: $0.44
Consensus Estimated EPS: $0.46 Whisper Number: $0.48
Might be prudent to take the DELL out the day before the earnings,,on 17th ,,
Still all cash ..except ,,RNTK and some PUMA..
Looking at the usual suspects..PSIX.. TAVA..BNYN,,CMGI,,TSQD,,DRIV,,NSCP,,SEEK,,THNK..OZEMY,,ZD ,, CREAF,, CPU,, KM,, RL,, etc,, as retails are coming with great nos,, it also means higher consuming spending and climbing consumer debt...
Traded SEEK and GCTY yesterday with astounding success lost teenies on OXHP and PUMA,,
Now in sheer day treading mode.. until the direction becomes clear..
tokyojoe.com
Cybercash has approved our application ,, as it is very hard to get one with a small web based EM service like our Societe ANonyme,, it will be a week or so ,, before we install security software to protect card users.. they do not trust you ,, !
Those who wishes to join ,,let me know in advance and I will add your em list on good faith until we get the cyber cash set up,, so far we have 127 members that have paid lumpsum annual fee,,
Also there was a former member , who asked for hardship ,, citing recent ,medical problems,,, of back surgery ,, your em has gotten lost during my travells through 6 countries in 3 weeks ,,so please contact me,,I would like to extend hardship membership to you on temporary basis as you have requested,,,,
Good luck all ..
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