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

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To: M. Frank Greiffenstein who wrote (163)10/13/1998 7:02:00 AM
From: Savant  Read Replies (2) of 283
 
Hangin' 9 1/8 anyhow. When a stock has risen 147% while the Dow was trying to make up its mind, it was certainly over due to pull back. To have held above the previous day's close wasn't too bad at all, especially bucking serious resistance levels. Guess what I'm going to do if it does go to the seven range..yup, buy more. But, hey, what do I know? Here's some interesting reading.

An interesting book written a few years ago. With foresight.
amcity.com

An apropos quote from the review.

"This detachment of morals and money is common in the late stages of an investment mania. The force that restores the underlying link between moral and investment values is known as a bear market."
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Russia: a telecom market study
 http://www.intl-tech.com/ftp/russia.html
Best, Savant
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