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: Rob Shilling who wrote (82)	8/24/1998 12:11:00 PM
From: djane	Read Replies (1) of 283

Nice post from the Yahoo ROS thread Message 310 of 314 Reply CNBC is wrong fp1786 Aug 24 1998 3:30AM EDT I have been in Russia for 3 of the last 6 months and I have some comments. 1. There isn't social unrest in Russia now. I was in Moscow, Rostov, St. Pete, Murom during the last month and I am now in Novosibirsk. Many people don't even know about financial news except that the exchange rate changed. People who see Yeltsin fire/hire cabinet members say this happens all the time and it is not the USA where Bill Clinton has a fling in his office and it is a national affair. 2. People are pissed off that the ruble went from 6.5 to 7.0 in a few days. But this is absolutely nothing new to them and everything is working exactly as usual (although that's pretty slow). 3. People don't care about Yeltsin, but most people hate the communists. If you think that the communists are going to win the hearts of the Russians, you are dead wrong. 4. The CNBC coverage of Russian problems is really, really, bad. I have never seen more $%^&! in my life from a news channel. This channel will go into crisis mode, leave out key facts about the Russian economy, just to throw out exciting figures about the RTS which really is not trading now. I have been watching CNBC for 3 years now and I have never seen such garbage from a normally sound station. 5. If you think that V. Chernomerdin and big businessmen are going to let the communists take power and nationalize, you obviously don't know how things work in Russia. Capitalism has won in Russia, it is capitalism like in the US during the Chicago gangster era. But I really don't think they will ever go back to communism. 6. If you think that the US and Europe will not help (if and when the Armageddon comes as CNBC has decided to portray it is) you are crazy. 7. V. Chernomerdin has a very good chance of working with the Duma to pass the new measures. The debt restructuring plan will get things back on track. 8. Russia now is a 75% chance to make 10 to 20 times your money at these levels. I know of very few investments that offer such an opportunity. CNBC's armageddon reports conflict even with the European news channels who portray this as bad for German banks but business as usual for Russia. And besides, Bill Clinton is coming to Russia next week. Expect additional US aid and more confidence to Russians and foreigners (CNBC I'm sure will talk it up also - something like "Bill Clinton saves the Russian Bear"). Besides, I think that Boris has a surprise waiting for Bill, and she's a lot better looking than this Monica thing.

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