|
PureBytes Links
Trading Reference Links
|
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN">
<HTML>
<HEAD>
<META content=text/html;charset=iso-8859-1 http-equiv=Content-Type>
<META content='"MSHTML 4.72.3110.7"' name=GENERATOR>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT color=#000000>Listened to an interesting discussion on CNBC
yesterday. The</FONT></DIV>
<DIV><FONT color=#000000>discussion was about the value of the yen versus the
dollar. </FONT></DIV>
<DIV><FONT color=#000000></FONT> </DIV>
<DIV><FONT color=#000000>The angle they were discussing was related to Japanese
banks.</FONT></DIV>
<DIV><FONT color=#000000>Apparently Japanese banks must maintain reserves equal
to</FONT></DIV>
<DIV><FONT color=#000000>10% of their outsatnding loans. These reserves are
expressed in</FONT></DIV>
<DIV><FONT color=#000000>yen. Whereas, the loans are expressed in dollars. When
the</FONT></DIV>
<DIV><FONT color=#000000>yen weakens to a 149/150 level the banks will be forced
to</FONT></DIV>
<DIV><FONT color=#000000>take further action.</FONT></DIV>
<DIV><FONT color=#000000></FONT> </DIV>
<DIV><FONT color=#000000>Does anyone know of any warrants that short the dollar
vs the</FONT></DIV>
<DIV><FONT color=#000000>yen. I feel that at some point soon either the Japanese
or</FONT></DIV>
<DIV><FONT color=#000000>G7 countries will step in to prop up the yen. This move
may</FONT></DIV>
<DIV><FONT color=#000000>very provide only temporary relief for the yen,
however</FONT></DIV>
<DIV><FONT color=#000000>it may just be time enough to profit from such a
move.</FONT></DIV>
<DIV><FONT color=#000000></FONT> </DIV>
<DIV><FONT color=#000000>Anyone make a case against this scenario ? Would
like</FONT></DIV>
<DIV><FONT color=#000000>to weigh your ideas.</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Tue Jun 16 15:14:09 1998
X-POP3-Rcpt: neal@xxxxxxxxx
Return-Path: <owner-realtraders@xxxxxxxxxxxxxx>
Received: from accessone.com (list.listserver.com [198.68.191.15])
by purebytes.com (8.8.4/8.8.4) with ESMTP
id NAA10941 for <neal@xxxxxxxxxxxxx>; Tue, 16 Jun 1998 13:23:38 -0700
Received: from localhost (localhost [127.0.0.1])
by accessone.com (8.8.5/8.8.5/PIH) with SMTP id OAA21407;
Tue, 16 Jun 1998 14:10:31 -0700 (PDT)
Received: from Chicago (mail.chicagonet.net [207.252.246.5])
by accessone.com (8.8.5/8.8.5/PIH) with ESMTP id OAA21227
for <realtraders@xxxxxxxxxxxxxx>; Tue, 16 Jun 1998 14:07:17 -0700 (PDT)
Received: from chicagonet.net ([207.252.247.42]) by Chicago
with ESMTP (IPAD 2.05) id 5281100 ; Tue, 16 Jun 1998 16:02:17 EST
Message-Id: <3586DE69.4FD8D8C8@xxxxxxxxxxxxxx>
Date: Tue, 16 Jun 1998 16:06:50 -0500
Reply-To: trader@xxxxxxxxxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: Essan Soobratty <trader@xxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Short The Dollar
References: <001501bd9966$e2c1af60$b289e8d0@xxxxxxxx>
MIME-Version: 1.0
Content-Type: multipart/alternative; boundary="------------BD0792FE30DBE2CF28310748"
X-Mailer: Mozilla 4.04 [en] (Win95; U)
X-Listprocessor-Version: 8.1 -- ListProcessor(tm) by CREN
<x-html><HTML>
<BODY BGCOLOR="#FFFFFF">
William,
<P>The movement in $yen will only affect the reserves that must be put
aside against loans made in $. The only immediate balance sheet
implications due to yen depreciation in this respect will be that the banks
will need to curtail their lending in order to maintain capital ratio's.
They face the problem that a weaker yen will lead to a weaker nikkei which
in turn will also erode capital ratio's further. Until the Japanese
banks are able to lend domestically more librally (amongst other things)
will Japan be able to pull itself out of the current slump. More
capital investment will lead to more profits, will lead to more libral
spending etc etc.
<P>Regarding a turnaround in $Yen. There needs to be the perception
that something fundamentally will improve in Japan in order to turn sentiment.
In the meantime the trend will remain for a weaker yen. Do not confuse
a retracement in $yen for a change in trend. The trend will change
only when the trend changes. Not before.
<P>E.
<P>William L. Mabee wrote:
<BLOCKQUOTE TYPE=CITE> <FONT COLOR="#000000">Listened to an interesting
discussion on CNBC yesterday. The</FONT><FONT COLOR="#000000">discussion
was about the value of the yen versus the dollar.</FONT> <FONT COLOR="#000000">The
angle they were discussing was related to Japanese banks.</FONT><FONT COLOR="#000000">Apparently
Japanese banks must maintain reserves equal to</FONT><FONT COLOR="#000000">10%
of their outsatnding loans. These reserves are expressed in</FONT><FONT COLOR="#000000">yen.
Whereas, the loans are expressed in dollars. When the</FONT><FONT COLOR="#000000">yen
weakens to a 149/150 level the banks will be forced to</FONT><FONT COLOR="#000000">take
further action.</FONT> <FONT COLOR="#000000">Does anyone know of any
warrants that short the dollar vs the</FONT><FONT COLOR="#000000">yen.
I feel that at some point soon either the Japanese or</FONT><FONT COLOR="#000000">G7
countries will step in to prop up the yen. This move may</FONT><FONT COLOR="#000000">very
provide only temporary relief for the yen, however</FONT><FONT COLOR="#000000">it
may just be time enough to profit from such a move.</FONT> <FONT COLOR="#000000">Anyone
make a case against this scenario ? Would like</FONT><FONT COLOR="#000000">to
weigh your ideas.</FONT></BLOCKQUOTE>
</BODY>
</HTML>
</x-html>From ???@??? Tue Jun 16 20:36:32 1998
X-POP3-Rcpt: neal@xxxxxxxxx
Return-Path: <owner-realtraders@xxxxxxxxxxxxxx>
Received: from accessone.com (list.listserver.com [198.68.191.15])
by purebytes.com (8.8.4/8.8.4) with ESMTP
id OAA13058 for <neal@xxxxxxxxxxxxx>; Tue, 16 Jun 1998 14:53:06 -0700
Received: from localhost (localhost [127.0.0.1])
by accessone.com (8.8.5/8.8.5/PIH) with SMTP id PAA25270;
Tue, 16 Jun 1998 15:40:29 -0700 (PDT)
Received: from mail.hic.net (root@xxxxxxxxxxxx [209.144.4.4])
by accessone.com (8.8.5/8.8.5/PIH) with ESMTP id PAA25048
for <realtraders@xxxxxxxxxxxxxx>; Tue, 16 Jun 1998 15:36:27 -0700 (PDT)
Received: from hic.net (ppp2.hic.net [209.144.4.11])
by mail.hic.net (8.8.5/8.8.5) with ESMTP id SAA08102
for <realtraders@xxxxxxxxxxxxxx>; Tue, 16 Jun 1998 18:30:47 -0500 (CDT)
Message-Id: <3586F22C.22628960@xxxxxxx>
Date: Tue, 16 Jun 1998 17:31:08 -0500
Reply-To: clydelee@xxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: Clyde Lee <clydelee@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: GEN - SwingMachine how to get program.
MIME-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
X-Mailer: Mozilla 4.05 [en] (Win95; U)
X-Listprocessor-Version: 8.1 -- ListProcessor(tm) by CREN
I appreciate all the mail that I have gotten requesting
the SWINGMACHINE program. Individual emails was just
impossible SO:
If you think I am kind for giving away this program then
you should really thank Gary Funk (he has done an awful
lot for this list and others) for providing a ftp site
where I could place the program in a .zip file and
the initial instructions in the READ_ME.TXT file.
You will need to download BOTH files. Do the Zip file
first and save it to a directory called SWNGMACH on your
root directory. Be sure to make this as a NEW DIRECTORY
before you start to download.
After you get the SWNGMACH.ZIP file and it is saved then
download the READ_ME.TXT and follow it's simple
instructions.
Click on the following to download.
ftp://www.intrepid.com/pub/clyde
Please use and discuss this program among yourselves
for the time being. I really am snowed under but will
be happy to hear how you do with the SwingMachine.
If you are unsure of how to download -- ask someone
near you to help.
--
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Clyde Lee Chairman/CEO (Home of SwingMachine)
SYTECH Corporation email: <clydelee@xxxxxxx>
7910 Westglen, Suite 105 Work: (713) 783-9540
Houston, TX 77063 Fax: (713) 783-1092
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
|