Investment in Russia and Eastern Europe Message Board

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Strategies & Market Trends : Investment in Russia and Eastern Europe

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To: Rob Shilling who wrote (504)	8/23/1998 9:22:00 PM
From: Rob Shilling	Read Replies (1) of 1301

The way I see it, investing in Russia is fairly simple: If communism returns to Russia, you lose everything. If communism does not come to Russia you will make money. Why ??, because Russia is valued at an unbelievable $16 billion or 1-2% of GNP. Russia has already had their depression (50% GNP shrinkage). So where is the risk ?? My attitude is if people want to sell Russian stocks on every little statement made by the Duma, fine, I am willing to buy it from them. Now is not the time to sell. The prices that are being quoted in Moscow are not even real. 2/3 of the stocks are not even trading. There was one trade for RTKM on last Thursday. This is the most unbelievable buying opportunity that I have every seen. Real investing involves buying stocks when they are bargains. Unfortunately the financial media leads people to believe that investing is following the trend. For that reason we have a bubble in the U.S. stock market. How many years could it take for the Dow to double ??? How many years/months/days could it take for the RTS to double ??

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