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To: JSB who wrote (15252)	2/2/2000 9:08:00 AM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

A lot of cliches about Russia and Eastern Europe are thrown around. Even miserably poor countries have a small middle class that can afford cars, cell phones, PC's etc. That's true in Africa and also in Russia (the "kleptocracy"). The number can range from a few hundred thousand to a few million depending on the overall population. And they tend to be concentrated in the capital city, of course. My landlords in Sarajevo are a lawyer and a car dealer with two very nice houses. That said, I did no DD on ANDR and don't plan to. Those who shorted it high probably did naked shorts offshore that they can cover at a profit without ever actually borrowing.