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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (5903)	8/26/1998 4:03:00 PM
From: Paul Berliner	Read Replies (1) \| Respond to of 9980

I know Bosco, I guess I rambled a little too quickly and passionately. I should have written that "all speculators" believe a devaluation is imminent - otherwise they wouldn't be wasting their time doing what they're doing. The friend I mentioned in that post about the Renminbi is an American who learned Chinese at Brown. He speaks it fluently, I believe. I'm not sure whether its cantonese or mandarin, but I think 1 of the 2 is confined to a particularly region. Or maybe I'm completely wrong. Anyway, the fellow is fascinated with Chinese life and plans to live his life there. It might sound strange, but an even stranger tale is of a friend of a friend who is the son of a celebrity. An all-american boy raised in New Jersey, at 20 he went on a trip to India of all places and became a Hindu. I'm sure someone can top that, though. Also, I wouldn't call myself an amateur 'gambler' if that's what you were insinuating. I feel that I'm making an educated, informed decision when I trade that has a completely different dynamic to it than playing roulette or black jack, though its certainly more risky because it's all ST in nature rather than buying and holding Dell or something, so I see your point. I try to manage risk by cutting losses short - something the horde of emerging market money managers holding Vimplecom failed to do. They had days and days to get out but decided to wait for more bad news to come. It came late yesterday and thus they had to settle for an yet another all-time low bid on the shares today. If I had my money in any of those funds, I'd hold onto the shares just for the privilege of attending the annual meeting, where I would tackle the Portfolio manager.