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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (4685)	1/12/1998 9:41:00 AM
From: LastShadow	Read Replies (1) \| Respond to of 120523

Watch List Alert: IIT Indosat is a huge company that has taken a beating from the indonesian rupiah devaluation. However, it has no foreign debt and trades in US Dollars - which was why there were several large buys on the way down last week. I waited to post this as I wanted to see if it continued down this morning ot gapped up. It gapped up from about 10 7/16to 11.375 but looks to be correcting now down to 11 (9:40 am). If there is a mid morning leveling I will look to enter as it should recover to about 22 in a few months. Also should be good for a few bucks on the short term (1 week). lastshadow