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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Phil Jacobson who wrote (4979)5/20/1998 11:12:00 PM
From: SJ - Stephen  Read Replies (1) | Respond to of 29382
 
Phil,

After the beginning of the riots IIT dipped below 12.00 but rebounded when Suharto flew back to Indonesia and stated he may step down from office. I look to this news break good for an uptick.

Now we have to wait 6 months for the elections and during that time anything goes. A few months ago I was keeping tabs on Suharto and the IMF, then all heck breaks loose.......

In response to someone's previous post.......
I don't look at investing in IIT as taking advantage of this bad situation for the people of Indonesia. IIT dumped in the beginning of 98. and has been trading 14 to 18 range until the riots started.

SJ