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

To: tom who wrote (497)5/6/1998 8:57:00 PM
From: md1derful  Read Replies (1) | Respond to of 947
 
Thread: Hey you miserable guys...I jumped in today at 6 13/16...I figured you needed some miserable company and I'm just that kinda guy...how bad can it get...who cares, buy now!!! As I've said on numerous other threads (of which tbr is particularly classy) I am 75 % cash now, waiting for the rate hike...I held puts on the market until I could slowly liquidate all the internet stocks and am now nibbling back in with some bottom fishing. This big move down today should at least be followed with a technical bounce which should provide a nice trade imho.



To: tom who wrote (497)5/7/1998 2:51:00 AM
From: Solon1 Recommendation  Read Replies (1) | Respond to of 947
 
The local price rises when the currency falls due to the fact that the stock has an "absolute" US dollar value because of its NYSE listing. The local price will therefore equilibrate on an exchange rate fall by going up, just as it would go down if the rupiah appreciated.

Cheers


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