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


To: Jyoti sharma who wrote (245)2/4/1998 1:56:00 PM
From: Rational  Read Replies (3) | Respond to of 947
 
Jyoti:

Thanks for the links. I have been using those. BTW, the market has come close to the price I had posted this morning. It looks as if someone sold (short-sold), yesterday, large chunks expecting a dramatic fall in the Indonesian market value and Rp.

Incidentally, I agree with your telcom engg view, purely from the point of view of business, given Indonesia's consumer base and strategic geographical position. Further, Suharto and his family can sacrifice a lot more than IMF has laid out or the market believes, mainly to surprise the finance markets. I believe money is second-order of importance to this ego-centric family; they will try to reclaim their name and Suharto's legacy -- this is my gut feeling.

Sankar