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

To: Pierre Aydin who wrote (155)	1/27/1998 4:13:00 PM
From: Johnnie W.	Read Replies (1) \| Respond to of 947

The activity in TLK looks really good. I watched the BID/ASK ratios today and was impressed by the large block volume. For instance, near the end of the day 250,000 shares were on the ASK side at $8. These were gobbled up quickly by the bell. This indicates the big plaayers are back in because only big money can buy these volumes. Also, I think the Japanese are finally taking a leadership role in the region. Look for increased help from the Japanese. I think the Rhuppia should recover to about 10,000 to the dollar, then steadily improve, more slowly though, to about 7000/dollar by March. The currency strengthening alone should push TLK to about 11 - 12. I think the currency traders finally convinced Suharto that failure to reform would mean disaster.