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Strategies & Market Trends : Investment in Russia and Eastern Europe -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (7)	3/13/1998 4:17:00 PM
From: Real Man	Read Replies (2) \| Respond to of 1301

I was doing range-trading on RNE (buy low 20-s - sell high 20-s) until recently. The situation on the Russian market looks short-term bullish to me - given multiple interest rates decreases, pending any major world market crisis. The currency collapse, I believe, is unlikely (although many experts are talking about it!) Many hedge fund managers (primarily Soros) were successfully trying to make contacts with the government to get an access to the privatization auctions (huge bucks). They may be interested in the market drop before they buy, but not after that. Besides, I don't think Eastern Europe is ripe for such an action at all. I may be wrong. As for Yeltsin - he might have a cold, indeed. (Although it might be something more serious). Russian winters are severe, and typically people have 1-2 colds per winter. Something is different over there... More infections? -Vi