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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: DD™ who wrote (7098)11/17/1997 12:18:00 AM
From: hasbeen101  Read Replies (1) | Respond to of 9285
 
>>Japan & Hong Kong blasting-off...

FWIW, Australia's national telecoms carrier (Telstra) listed on the market today at a premium of about 35% to the issue price. It will not be in the index for a couple of months, even though the appropriate weighting is about 3%. So even though the Australian index was up about 0.35% today, this would have been 1.35% if the Telstra float were taken into account.

I think the recent bearishness may be subsiding.


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