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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 (81)8/22/1998 10:43:00 PM
From: Rob Shilling  Read Replies (5) of 283
 
The next two weeks are VERY important

The announcement of the GKO restructuring could be a positive. The Duma may actually stop criticizing Yeltsin and pass some reform laws. The international community may extend some financial help too. Also as you point out Clinton is in Moscow on Sept 1-3. He may announce a bailout package.
Oil prices are also key to Russia. Oil could make a significant move up due due to the Saudia Arabia/Venzuala/Mexico summit on Friday.
I think the RTS index is way oversold and could have an enormous bounce in the near future.
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