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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (40246)	10/26/2003 9:48:16 PM
From: energyplay	Read Replies (2) \| Respond to of 74559

Hi Jay - I think we should wait a little before buying Russian stocks - give them a few days to drop. Also, if people move out of rubles, they will most likley move into USD, at least initially. USD is very popular in Russia. So we could see an upward move in USD, resulting in nice shorting opportunity in a day or so... More bad news for the Euro, since some of the ruble money will eventually end up i nEuros, pushing them higher. And any instability affects Europe's energy supply. As for Bush looking clueless - don't misunderestimate him. He's looked like that for a long time.

To: TobagoJack who wrote (40246)	10/26/2003 10:34:37 PM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 74559

Hello Jay, Be careful with any Russian plays. It's extremely hazardous to one's personal health and wealth to be playing games with the Russian authorities, who tend to play their games on un-level playing fields. As regards Yukos specifically, it is completely within the Russian government's rights to "confiscate" the company (uncompensated to shareholders, I might add) should the government decide that it's in their best interests to do so, and that their laws can be used to justify the actions. Mikhail Khodorkovsky has been way more than just a thorn in the side of the current Russian administration. He has (at least twice) funded organized opposition parties, and is strongly suspected of having participated in activities (money laundering of rubles is just one example) that are currently illegal under Russian law. I'm not saying he did anything illegal; merely that he is suspected of having done so. He has also undermined Putin's international political positions by consistently speaking out against Putin's policies and Putin's administration. As the old saying goes, "payback is a bitch", and I wouldn't at all be surprised to see Yukos (the company) and Khodorkovsky (as an individual) pay dearly (read: financially) for Khodorkovsky's brash verbal outbursts. There is a chance that Yukos could become a state-owned property in the near future. So, forewarned is forearmed... KJC

To: TobagoJack who wrote (40246)	10/27/2003 3:21:18 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

Jay, I'm AWOL, but Hu Jintao has paid a visit to my home village. He seems like a good bloke. He didn't threaten us at all. King George II and other Americans seem constantly to give us a flick of the whip. I think Hu Jintao will have gained support in NZ. I say buy China. Which I did years ago via QUALCOMM. Which also supports the USA and is holding about $3billion in the piggy bank, so they can't be too worried about the US$. $ill Gates has a stack of it too, so he can't be all that worried either. Briefly, Mqurice