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

To: baystock who wrote (339)	7/15/1998 8:41:00 PM
From: Real Man	Read Replies (1) \| Respond to of 1301

I believe there were many shorts who were spooked by the IMF loan. The Russian stock market rose almost 50% since the end of the last week (130 to 190 on RTS) - so there are many negative articles now. No matter what's going on there, I would be very careful shorting at these valuations. I have stated before that I would not short TRF because IMF loan will be approved, and soon - those who shorted and were caught have nobody to blame but themselves. There was ample time to cover. SEA is very different from Russia. Malaysia used to have stock market cap above 300% of GDP, Thailand over 100%, Russia below 10%. That was just a bubble market in Asia, not in Russia. I thought Thailand had bottomed in January, but not Malaysia. -Vi