The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Glenn who wrote (49173)	6/6/1999 1:12:00 PM
From: MARK C.	Read Replies (2) of 90042

A position trade for the thread to consider. ROS a russian telco that just got hammered late last year due to the Russian crisis and perhaps rightfully so at the time but I think it was way overdone. The stock has recently been coming back off it's lows nicely. I posted it here at under six a couple weeks ago. My contention is that Russia will play a very center stage role in settling matters in Europe. As a result ( or payment for services rendered) they will receive their IMF money and European aide. Add to this the fact that Yeltsin does not appear long for his office I see Russia nearing a turnaround. I believe one of the very first places the money will be spent will be in upgrading their communications infrastructure. Even if they don't spend a lot of cash themselves I think they will allow much more partnering and major foreign investments in their telcos. ROS has been trading basically flatline since the september oct crash but appears to be ready to breakout IMO. Heres a link to the BarChart site and their opinion. I have not yet taken a position but would appreciate any thoughts. tia, MarkC equities.barchart.com

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