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

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To: william Velmer who wrote (88)8/27/1998 12:42:00 AM
From: djane  Read Replies (2) of 283
 
William, I've been trading VIP very successfully, last sold at 19 3/4 and don't hold anything right now because (obviously) I don't think anyone knows which direction things will move tomorrow. Just too much risk. I wouldn't buy any oil stocks for the next couple years even if you had a gun to my head. As extraction technology improves and supplies increase after the end of the Cold War (e.g., Russian oil from the Caspian Sea area), I see lots of pain for oil prices and producers. IMHO djane
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