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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: Tom who wrote (2152)	8/25/1998 10:34:00 AM
From: Racman	Read Replies (1) \| Respond to of 2951

> Yes, Ron. It has been rumored for several days that there is a > combined effort in-progress to tie-up the resources of the hedge > funds and other speculators.< Tom, just a thought if I may. With Hong Kong now under Chinese control, is it possible that the government's buying into the market, to supposedly deter the speculators, is just an opportunist way of gaining more government control of of the companies they are buying at bargain basement prices? I haven't seen anything on the amounts of which companies the government is buying with their market support. "The semi-democraticly communist thing to do so to speak." A perceived double benefit perhaps?