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: Urlman who wrote (763)	10/25/1998 12:11:00 AM
From: Rob Shilling	Read Replies (2) of 1301

I can't believe there isn't more interest in Russian stocks on this thread. The bottom looks to be RTS 37. We are now at 60 on the RTS. ROS and LUKOY have doubled. I think every pullback is a buying opportunity. Oil prices can't be low forever. If one waits for oil prices to go back up or for Brazil and Latam to be out of danger it will be too late. IMHO, the time to buy is now. These Russian stocks are so cheap in conventional valuation terms that any kind of stability to the Russian economy will drive up Russian stocks maybe many times 4X, 8X, 10X. Then longer term you could see 40X or more.

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