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Strategies & Market Trends : Investment in Russia and Eastern Europe
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To: Real Man who wrote (491)8/22/1998 10:58:00 AM
From: Rob Shilling  Read Replies (1) of 1301
 
I did a little investigating the RTS index and found out
a few things:

1) The close on Friday is very close to an all time low

2) From April 1996 to August 1997 the RTS index went up a factor
of 6 (a little more than a year)

3) As we all know, market cap is real low around $16 billion

4) Volume has been super light. There was 1 trade for RTKM (ROS)
on Thursday

So, just because Russian stocks are down and out, it doesn't mean they can't snap back incredibly fast. If things settle down in Russia and the RTS index just goes to 10-12% of GNP it will go up 6 times.
I found an opinion column in Russia Today that says the PM is a workaholic. He has made a lot of progress on cutting costs and raising revenues. He believes that the economy will start showing signs of life in the spring of 1999.
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