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

To: dppl who wrote (368)2/17/1998 9:10:00 AM
From: Sterling  Respond to of 947
 
Yup. And the weeklies show a gentle upturn

in the trend underway. But in this environment that information is only a distraction. Let's see what the morning news on the departure of 'what's his name' does to the stock.
****

"Soedradjad Djiwandono, a key player in negotiations with the International Monetary Fund for a $40 billion rescue package, is believed to have opposed several government decisions on economic policy. He also has angered some Suharto relatives by closing down their insolvent banks."



To: dppl who wrote (368)2/17/1998 9:19:00 AM
From: Susan Saline  Read Replies (2) | Respond to of 947
 
I doubt if TLK will go back down to 6 but it may also hang around here for a few months.

This I must disagree on.

The political situation is what makes this so volatile. Volume has been averaging 2 ml a day.

No way will it just "sit"

A dive back to the lows or gap ups are definite IMO

Chartwise we have short term resistance at 10, once it clears ten....

well, that's why I own it :o)

Sue


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