Rostelecom (ROS) the Russian Telecom Company Message Board

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Technology Stocks : Rostelecom (ROS) the Russian Telecom Company

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To: Rob Shilling who wrote (12)	7/11/1998 8:37:00 AM
From: Haim R. Branisteanu	Read Replies (1) of 80

Rob, I am in agreement with you but that has nothing to do whit the price of stocks. As to ROS, there is no question that over the long term the stock will appreciate substantially, more than double today prices. But as I stated previously I am not a believer in long term investments or the stock market in general. ROS had a nice run from $12 to $14 in 2 days. The motto in the stock markets is buy the rumor sell the news. Still 18.4% on $ denominated bonds is a price that changed the risk reward ration on ROS, which earnings yield now around 18% to 22%. Will buy ROS again below $13 or if from a TA point of view I will anticipate a strong upmove. BWDIK Haim

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