Quang, just another word of caution. (I lived in Moscow for the
first 21 years of my life, so I feel somewhat responsible - this was
before Russia itself; I left 4 days before the coup of 1991).
With Yeltsin being ill, the situation is extremely politically
unstable. Although the article Bull posted states that there are other
"good" candidates for presidency - in fact, I believe, there is no
strong one to oppose the communists. I heard even the latest
elections were not just (in favour of Yeltsin) - they were only just
on the posts which international observers visited. If they were
just, communists would win. And if communists come - stocks
may just get cancelled. Not necessarily so, but might.
So, resume: I guess, Mr. Yeltsin's health is your money now.
If he dies, stocks will drop a lot.
I missed the TRF blowup, but I still stay out
of it. The reason is technical: it seems so far, TRF and RNE have
big runups, then move sideways -to -down for a while. I believe,
we hit the sideways-to-down region when TRF dropped, which will
last for a while - two to three months, then a big runup to 100.
This position is questionable, of course.
I don't trust the US market right now; I would be more calm to have
it corrected before the next run-up. I'm just not comfortable
buying at these levels. By the way, I'm very happy with
my sell NSCP decision several days ago. -Vi |
