Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jim shiau who wrote (468)	3/26/1998 3:52:00 PM
From: vacaflaca	Read Replies (1) \| Respond to of 947

I don't think short term this stock going higher, long term is promising, that's the reason I'm shorting this stock.....any comments?

To: jim shiau who wrote (468)	3/26/1998 3:52:00 PM
From: Maven	Respond to of 947

Jim and all-- I am new to this thread, having just purchased an entry position into TLK. IMO, the rise in the stock is attributable to the perception that Suharto will bend to the will of world leaders and allow the IMF to shower him with billions of dollars, thereby averting an Indonesian meltdown. I can see Suharto smiling like a Cheshire cat at the prospects of all those dollars. That seems to be the prevailing reason for the rise in the stock, but if the stock is going up, what more reason does one need? Robert S. Sheldon

To: jim shiau who wrote (468)	3/27/1998 5:50:00 AM
From: tom	Respond to of 947

I think that Indo will likely do some sort of deal with the IMF involving the re-packaging of foreign debt. The market has already discounted a fair amount of this but will continue to move up when the news is confirmed. Also foreign investment managers (the main buyers of TLK) are very scared of missing another rally in Asia. They have already missed the doubling of the Thailand and Korea stock markets and do not want to miss the next big rally in Jakarta. Most Asia Pacific funds have underperformed by 10% in 1Q98 and they don't want to see that underperformance increase even more. I think that, unlike Telmex or other emerging market telcos, TLK is very expensive and so you will not see the kind of returns from TLK that you normally see after market crashes