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Strategies & Market Trends : Argentine stocks

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To: Spytrdr who wrote (47)	6/3/1998 1:18:00 AM
From: Tom	of 331

I see where there could be real trouble in Venesuela, Leonardo. No stomach for the kind of reform they're in need of, it appears. Price of oil isn't helping any. But with Irene Saez Conde ahead in the polls and getting lots of press exposure, how bad can it look?! Share prices have eased off in S.A. Glad you posted. Imagine TAR below US$30 would have to appear near the top right now of any menu. Seems if whatever impetus involved drops it below 30, however, one could be patient for a few more points. I know how much for the better the economy has changed, but any volatility at all always seems to move TAR. Alot of hot money in all that capitalisation, I suppose, playing it as a proxy for the entire market. Appears as though rates are going to remain where they are in Chile for the next several months. Argentina may be the best bet, Leonardo, if S.A. equities trend lower.

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