Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bosco who wrote (6033)	8/30/1998 10:27:00 PM
From: Ron Bower	Read Replies (3) \| Respond to of 9980

Bosco, I doubt if the HKMA will be doing anything for the next couple of weeks, letting the market find it's own way. Who's left to sell? The sellers sold last week. Who's left to buy? Everyone is waiting for the prices to drop. I don't see any activity unless the funds want to sell to each other. There may be some attempt at the $HK, but the interest rates are already so high it would have minimal effect. Everyone will be waiting to see what market reforms are adopted. Some may not wait and cover positions because of the threats on reform. From what I've read we've had a reversal with the HKMA now having the funds in a difficult position. IMO The interesting market action will come the end of September. FWIW, Ron