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Strategies & Market Trends : Argentine stocks -- Ignore unavailable to you. Want to Upgrade?

To: Tom who wrote (34)	4/22/1998 8:25:00 PM
From: Spytrdr	Read Replies (1) \| Respond to of 331

You seem to know much about Argentina. How come? Have you ever lived here? Perez Companc under $ 10?? It's trading at $ 6.27 now, a steal. Better rush and buy now. Another great argentine stock, one of the best in my opinion is Siderca (ERCA). This one never fails. You can buy ERCA now in the argentine stock market at $ 2.55. 52-week high is $ 3.35. It's a half argentine-half italian company, that makes steel pipes for the oil industry, and it's a leader in its field worldwide (has a 30 % market share in steel pipe production, I repeat, worldwide), it's a truly multinational company, owns Tubos de Acero de Mexico, Tamsa and Dalmine in Italy, and Techint (an infrastructure construction company), very, very large group, worth billions of dollars. Exports 80 % of its production. The price is a bit depressed now because of the low oil prices, but it's a safe bet in the middle term. Besides, it always pays huge dividends (15 % or so). ___ message from Tom R. Yarnall on Apr 17 1998 1:35AM EST FWIW: Points 1 thru 4 1) I would not want to be caught holding certain of these issues were the Dow to correct too deeply. 2) Mr. Soros is not a great friend of mine. I prefer not to support his agendas through either Cresud or IRSA. That's just me. IRSA has done phenomenally well. Always did believe the riverfront projects showed alot of savvy on someone's part. 3) Should it fall below US$10, which I believe it will in the not too distant future, I would buy Perez Companc by the bushel. 4) It has been possible in the past to make a small fortune trading Telefonica in a volatile market.

To: Tom who wrote (34)	4/23/1998 10:47:00 AM
From: Spytrdr	Read Replies (1) \| Respond to of 331

I'm amazed. You never came down here, and yet you study our contry with great interest. Is it just for the love of art, or are you a historian, a college professor? I see you have something to do with Hong Kong, do you live in HK perhaps? I think we are among the 20 leading economies right now, thanks to president Menem. ___ No, I have not had the pleasure of visiting Argentina. But, yes, I have committed a considerable amount of time studying every aspect of a country that not too long ago was the world's 5th leading economy.