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Technology Stocks : INDONESIA'S PT TELECOM(TLK)
TLK 20.85-1.2%9:50 AM EST

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To: tom who wrote (270)2/6/1998 1:53:00 PM
From: Jyoti sharma  Read Replies (3) of 947
 
Tom,

Morgan Stanley down grade is a bullish sign. My experience with brokerage house recommendations is they upgrade a stock when it's over valued. Down grade at the bottom. I use brokerage recommendations as a contrary indicator. I have a small position in TLK, a few more down grades and I will have to load up.

BTW I agree with you on the business prospects for TLK in the immediate future. However I still feel TLK will out perform other equities in Indonesia.

Thank you for your very informative post. Keep up the good work.

Best wishes

Jyoti
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