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Strategies & Market Trends : Australian Shares and ADRs -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (60)	7/31/1998 7:12:00 AM
From: Juan Parami	Read Replies (1) \| Respond to of 96

David You must be kicking yourself for selling at $3.98. I think Les2 may be a little optimistic for a $9.40 target in 12 months but $5.50 by September 98 is my call. The Capital Gains Tax slug looks worse the higher she goes and that will dissuade the large army of small shareholders from dumping their Telstra shares. Lets not underestimate the future earnings potential of Telstra. It's sheer size will open up tremendous opportunities for joint ventures both in Australia and in Asia. This is truly the sleeping giant awoken - they have not even begun to wield the knife yet. Once the re-engineering gets under way the profits will skyrocket. Telstra and the Government have been going slow on retrenchments until she was all sold off. Now the die seems to have been cast I would expect the jobs losses to be announced soon after the federal election whichever party wins. Australians are going to forsake BHP and adopt Telstra as their favourite. And don't worry about the Nov 98 $1.30 instalment, that will only cause a short hiccup. Get on this baby for the long ride and don't stuff about trading it for short term gains. Juan