Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : News Links and Chart Links -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (8976)	10/25/2003 3:18:08 PM
From: Return to Sender	Respond to of 29609

Amateur Investors Weekend Market Analysis (10/25/03) amateur-investors.com

To: Les H who wrote (8976)	10/27/2003 11:19:43 AM
From: Les H	Read Replies (1) \| Respond to of 29609

Russian stock markets crash on Yukos’ head detention; Warsaw, Budapest and Prague lower Vienna (Bluebull) - The Russian milestone RTS index shed 12.2%. Unified Energy Systems (UES), the energy holding, lost 12.4%, Lukoil, the oil major, was down 12.3%, Surgutneftegas slumped 11.1% and oil company Yukos fell 17.9%. The richest man of Russia and head of oil major Yukos, Mikhail Khodorkovsky, was arrested facing massive fraud and large-scale tax evasion charges and currently stays in a Moscow prison. Mr. Khodorkovsky was being detained in Siberia from his chartered jet and was brought to Moscow to the Matrosskaya Tishina prison. The federal prosecutors office said, that the CEO of the world’s biggest oil company in terms of assets was involved in the sell-off of a fertiliser company in 1994, too. Another major Yukos shareholder, Platon Lebedev is facing charges on that matter. The federal prosecutors office said that Mr. Khodorkovsky caused the state a damage amounting to some USD 1 billion and described the case as unprecedented. According to the Russian law, the man with an estimated estate of more than USD 11 billion could be held in prison until December 30. According to stock analysts, the arrest Mikhail Khodorkovsky will result in a 20% fall on the domestic stock market this week. It is expected that not only shares of oil firms will be affected.