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Gold/Mining/Energy : TS TELECOM (www.tstelecom.com): ASPIRING TELECO -- Ignore unavailable to you. Want to Upgrade?

To: Ciao who wrote (922)	11/22/1999 10:31:00 PM
From: speculatingvalue	Respond to of 1762

I've been buying since last Friday - maybe we're both fools! The market is definitely being held back - someone wants to buy up retailer shares. When I see a 200,000 share sale priced high enough above the trading level that it won't likely be hit, then I suspect the ceiling is artificial. I agree with your analysis that 8003 isn't likely to stay at the IPO price and will likely get a high PE ratio. They probably wanted to use a low ratio so they could refer to the dividend as being 4%. It will likely be much less than that as a stock will tend to rise until the dividend is less than bank rates. It isn't going to take much patience - they start trading in a couple weeks. By the way, the prospectus is at: hkgem.com