Vimpel Comm (VIP) ADR's of the Russian Cellular Phone Co. Message Board

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Technology Stocks : Vimpel Comm (VIP) ADR's of the Russian Cellular Phone Co.

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To: djane who wrote (68)	8/11/1998 2:12:00 PM
From: Elsewhere	Read Replies (1) of 283

>Anyone still interested in VIP? I rebought it today at $28. >Any thoughts? I am not a good market timer but I happened to sell at $54. Now, at $28, with a PE 99e below 9, I couldn't resist the temptation and went long, as a short-term trade for the time being. The negatives of Russia are well known by now, so no need to comment. Positives: after 31 years the Rolling Stones have finally managed to have a concert in Moscow. Maybe the "feel good factor" will encourage some Russian investors to buy back their beaten down stocks (index down 80% from last year). And then this piece of news which just moved over the wire: Tuesday August 11, 1:25 pm Eastern Time Clinton to visit Moscow, Sept 1-3 - Kremlin This is about the president of the main capitalist country exhibiting faith in the future of Russia. It is likely that the news flow surrounding Russia will improve in the next days. Just my $0.02, I could be dead wrong, and VIP might drop further towards its IPO price. Jochen

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