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To: donald sew who wrote (51758)9/7/1998 11:49:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (2) | Respond to of 58727
 
here is an interesting chart I found on the kahuna thread (so 1/2 of you have already seen it ;-)

tiger.golden.net

talk about optimistic!!!!!!!!:

Message 5689981

but I hope so as I have oct txn calls I bought friday afternoon on the dump....and I want to bail tomorrow
Don...keep whispering in my ear....I might listen this time ;-)



To: donald sew who wrote (51758)9/7/1998 11:52:00 PM
From: Darth Trader  Read Replies (1) | Respond to of 58727
 
Right, wasn't Malaysia up over 20% last night? If tomorrow doesn't close near it's highs or if the market gaps open and closes down the candles will be bearish.



To: donald sew who wrote (51758)9/8/1998 12:42:00 AM
From: thebeach  Read Replies (3) | Respond to of 58727
 
Mr.Sew,I have been following your posts for quite some time and this latest one kills all my respect for your previously earned respect.Would you like to rethink your statement,it sounded too wishful for even you.



To: donald sew who wrote (51758)9/8/1998 1:28:00 AM
From: Snowshoe  Respond to of 58727
 
Don,

Due to the newly-imposed currency controls, Malaysia just got kicked out of the Morgan-Stanley EAFE index. International index funds will have to sell. From Barron's...

Booted From EAFE Index

Initial foreign retaliation came Friday. Morgan Stanley Capital International deleted Malaysia from its benchmark EAFE index of developed stock markets, effective September 30. MSCI reckons that $150 billion of global pension-fund money is indexed to EAFE, with $600 million allocated to Malaysia (which carries a 0.4% weight). Presumably, these Malaysian stocks soon will be sold, but it's unclear where, to whom or at what price. MSCI kept Malaysia for now in its Emerging Markets index, where it boasts a 4.4% weighting.

Not surprisingly, Malaysian shares, as measured by the dollar-based Dow Jones Global Index, endured a wild ride last week. The indicator fell 3.38% Monday, another 13.27% Tuesday. It then turned around and rallied 12.14% Wednesday, 6.27% Thursday and an amazing 16.09% Friday. At week's end, the index still was down 38.86% year-to-date.

Friday's spurt was fueled by the initial repatriation of ringgit held in Singapore.



To: donald sew who wrote (51758)9/8/1998 3:31:00 AM
From: halfscot  Respond to of 58727
 
donald: Have you looked at oil service stocks lately and do you have a feeling one way or the other about where they are going? They've had quite a run the past week and a half but are still way, way off their highs. It would seem if any sector is oversold right now it would be the oil service stocks. Some are trading with forward P.E.s of around 5. I don't see how they could go much lower than they already have at their lowest (not lower, just much more lower).

Thanx,

halfscot