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Technology Stocks : INDONESIA'S PT TELECOM(TLK) -- Ignore unavailable to you. Want to Upgrade?

To: Johnnie W. who wrote (80)	1/22/1998 11:49:00 AM
From: Pierre Aydin	Respond to of 947

why don't you short it then<EOM> Pierre

To: Johnnie W. who wrote (80)	1/22/1998 11:54:00 AM
From: soozathelooza	Read Replies (1) \| Respond to of 947

are you drunk??? listen, Johnnie Walker Red... the currency traders will never allow the ruppiah to approach the ridiculous levels you are suggesting. i would sell my life to buy the ruppiah at 200,000 to the dollar. so have another johnnie walker red..... actually, make it a double... and slowly drift off to sleep. nytee nyte....paul.

To: Johnnie W. who wrote (80)	1/31/1998 9:12:00 PM
From: Rational	Read Replies (1) \| Respond to of 947

Johnnie: How is it at the best interest of Suharto to drive the Rp to 200,000 per USD? It makes economic and/or political sense for Suharto to raise the Rp, IMO. True, Suharto is a dictator and has enriched himself, his children and cronies. But, during the last 30 years, he also made the vastly poor Indonesians (200 mil) quite prosperous bringing up their per-capita income to $1200 (before the Rp crash). Most Indonesians have been beholden to him. This allegiance will be lost if Rp stays depressed and Suharto will lose his legacy of having made Indonesia prosperous. It is in the best interest of Suharto (IMO) to raise the value of Rp. Incidentally, Rupiah's crash stems from greedy lenders who made beelines in Jakarta corporate houses to lend and lend and lend. The lenders chose to exit enmasse after the bhat fell. IMF had high praises for Indonesian economic management before all these happened. The Indonesian corporate firms should not have been lured by the USD loans (and that is their mistake). As the Rp fell, Indonesia had to approach the IMF who exacerbated the situation by forcing a closure of 15 banks as this resulted in a bank run and panic conversion of Rp to USD. The businesses that wanted to topple Suharto took advantage of the situation to short-sell the Rp and drive down its value further on very thin trades. Suharto and his team know all this; they have an Ex-Director (Kent) from Bank of England and Ex-FED Chief Paul Volker helping them. They have recently made many sound policy announcements because Suharto knows he must do all these to raise the value of Rp and continue in his job. Mr. Yen of Japan has recently said that Rp is very undervalued and that it would soon recover to 4000-5000 per USD before strengthening further. I have a post on Asia forum that talks more on these issues. Sankar <<Suharto will let the Rhuppia go to 200,000 to the dollar before giving up control because it remains in his best interest to fleece the country!!!>>