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Strategies & Market Trends : China Telecom Ltd (CHL) -- Ignore unavailable to you. Want to Upgrade?

To: Clean who wrote (87)	8/14/1998 10:24:00 AM
From: Paul Shread	Read Replies (1) \| Respond to of 149

Clean, You've got to be careful with what you hear on CNBC. You never get a disinterested party on there. The guy talking this morning could be a squeezed short. The intervention could mean panic, yes, bought it could also mean a floor, like the Japanese and 150 on the yen. It may give us a bounce for a while. The S&P futures certainly didn't drop after the CNBC report. Besides, I'm long-term this stock. I'm not selling regardless of what happens in the short-term, so take what I say with that in mind. I thought it was an extraordinary value at 22 (CHL management seems to agree with me); if you were just playing it for the short-term bounce, this could be a good time to liquidate. Good luck to you.