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Strategies & Market Trends : Russia/Templeton Russia Fund (TRF)

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To: Quang Nguyen who wrote (34)10/8/1997 12:02:00 AM
From: Real Man   of 94
 
Down 33% in 5 days on heavy volume. Wow. I wish I had shorted
this stock. What happened? Hopefully, one can get a bounce off the
40-s level, because I think this should be support, but hard to
tell, it may continue down afterwards. I have my money fully tied
up right now. I have one short-term "adventure" (can't live
without it - betting is exciting!) already - BOSCF. The reason is
simple. There is much hype here on SI of this microcap stock (24 mil
cap). I think people here are starting to move the market UP for this
CO. Strange, they think it's someone else! But the company is so
tiny... Anyway, this is my guess, since the big trading volume
of this stock presicely correspond to the hype created here.
Interesting, people who know nothing about this stock seem to be
buying lots of it. BOSWF also went sharply up, precicely when people
here on SI started talking about it. Does seem like a "free lunch" to
me, but I'm also in, with very small "gambling" money. My guess is
they will move it where they want. I also have the advantage of
monitoring the mood of the investing community thru BOSCF thread.
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