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

To: Tom who wrote (2538)	11/4/1998 10:03:00 AM
From: Tom	Read Replies (2) \| Respond to of 2951

Hong Kong Market Brief First target for this wave of rally should be at around 10,450. Early this morning with the market pushing to this level, more selling was triggered. Most of the retail investors were shy to chase the market (in Sept. the market was still trading at 7,500 HSI!). They thus sold some of their last resort on blue chips and switched to the cheap China-related stocks. Nevertheless, the market movement suggested that 10,250 is now the first market support. ---- 0005: After breaching first target of $186.50, looking for $200/sh. 0941: After pushing to $15.70 early this morning, used as a tool to stamp down HSI. As more investors were afraid of the possible placement to this heavy weights, it tumbled quickly to $15.05 at the lowest. With a sharp rebound hitting this level, the $15.0 support is now well established. 0988: EMPIRE really strikes back for Mr. Wong Kwan! ---- The above for purpose of information only. Not to be considered investment advice.