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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: NucTrader who wrote (2602)	9/7/1998 11:12:00 AM
From: Lucretius	Read Replies (1) \| Respond to of 14427

hey, got a cellular modem and sittin out by the pool!! The mainstream press is all giddy about a possible interest rate cut...LOL!!! little do they know that this is the nail in the coffin. As the dollar drops, foreigners will flee our mkts. I expect a classic sucker rally Tues morning on heavy vol and then the CRASH begins!! If you are short it will take a strong stomach to remain so during the morning as I expect stocks to explode up. Also, I am hearing that INTC may warn this week, but it is just a rumor from some buddies of mine out in Cali. Check this out and note the last paragraph: How to go the extra mile for your ringgit A man and his money are not easily parted. Deep Throat reveals how, in the face of overwhelming odds, he mounted a harrowing covert operation to rescue his RM500,000 By Jaime Ee THIS is based on a true story. Well, give or take a few liberties to protect the not-so-innocent. A heartwarming tale of how no currency controls or deputy prime minister sackings can keep one man away from his precious ringgit... I stumbled upon Deep Throat at a moneychanger, converting copious amounts of 50 Malaysian ringgit notes while I awaited my turn to buy A$10 at crummy rates. He looked innocent enough . a 40-ish civil servant type, slightly plump and, judging from the smell of his lunch packet, with a predilection for Peranakan food. He looked around warily, as if people could tell he had just been to Kuala Lumpur to close his bank account and had spirited RM500,000 in a Parkson Grand plastic bag back to Singapore in a one-man clandestine operation. Actually, people couldn't. But when I casually mentioned "that's a lot of ringgit...'', he grabbed my arm, pulled me to a secluded corridor and snarled: "How do you know?'' Frightened, I stammered: "Please don't hurt me. Here's A$10. Oh wait, I haven't changed my $30 yet.'' To which he let out a startled cry of anxiety and relief, sank down to the floor and offered to share his lunch with me. That was when he told me what he had just done. How he'd meticulously planned to get his money out of Malaysia in view of all the uncertainty. "I was even prepared to die,'' he added, a grain of rice quivering on his upper lip. And so he hatched his plan. But first he left a note for his relatives, explaining his mission and instructing them on which suit to dress him in should he not come back alive. Why not just wire the money in, I asked. "Oh no, they can trace it,'' he replied. "Taxes. Complications.'' His modus operandi was well thought out. "Never hire a taxi from the airport,'' was his advice. "Not safe.'' He booked a hotel car instead and didn't tell the driver that he wanted to stop by the bank until they were just a few blocks from it. "If you tell the driver in advance, he can get his friends to cut the car off and rob you.'' Then, he told the driver he wanted to drop off a document at the bank. To look genuine, he'd already prepared an official-looking Manila envelope with a name and address neatly typed on it. "But the envelope was empty,'' he revealed gleefully. Once at the bank, danger lurked. Instead of ushering him into a private room to dispense of his RM500,000, the teller piled the whole load of cash on the counter in full view of everyone. As he left the counter with his Parkson Grand bag under his arm, two shifty-looking types carrying black bags walked towards him. Panicking, he glanced out of the window and saw the hotel limo just about to make another circle around the building. He dashed out, jumped in and shouted at the startled driver to step on it. From the corner of his eye, he saw the two shifty guys staring at him. They shook their heads and continued to empty the bank's trash cans. Once at the hotel, he immediately deposited his money into the hotel safe. Why not just go straight to the airport and take the next flight home? "Oh no. Too stressful. Must eat my Hokkien mee.'' He returned two days later without further incident. And he has since set up a consultancy to help friends get their money out of the country. So far, one friend is getting a custom-made plaster cast for his arm to stash his cash. Others are planning to buy gold with their ringgit, and wear it on the plane. "I calculated that you can wear up to 600gm of gold comfortably on each arm, maybe 500gm around your neck and 1,000gm on the ankles. And a gold ring on each toe. But you might need bigger shoes.'' And with that, Mr Throat got up and ambling off. "Well, it was nice meeting you. By the way, I'm planning a rouble run next...''