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Strategies & Market Trends : Picks of the quarter -- Ignore unavailable to you. Want to Upgrade?

To: Taro who wrote (7024)	2/5/2009 12:06:04 AM
From: Asymmetric	Respond to of 20435

I think right now Russia is the most hated stock market in the world, and the ruble just recently hit an 11 year low against the US dollar. Vimpel's problem is that it's earnings are in rubles, and it's debt is denominated in dollars. However, as of last report, they are still adding subscribers. They just stopped paying any dividend. With everything wrong that could go wrong, Vimpel doesn't need positive news here to stop dropping. They just need the bad news to stop. I'm calling for a bounce here. And with a chart like this what's not to like if you're bottom fishing and looking for an oversold recovery? stockcharts.com - A.