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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (30982)	8/12/1998 10:07:00 AM
From: cardcounter	Read Replies (1) \| Respond to of 132070

Went long VIP at 30.5 today based on some good newz outta russia and based on some technical support points. 28-30 is a technical support point for this stock. Looking at the chart, early June 97, late Oct 97, and early Feb 98 held firm at these support points. Also, Vimplecom (as listed on the RTS) in russia wasn't hurt yesterday according to an article on tsc. thestreet.com Bloomberg machine this morning had a positive story on Russia. yields on the eurobond fell, also the RTS was up, finance minister swearing on Lenin's grave that Russia won't devalue nor default. My only concern is that Rostelecom (long distance and local phone) wasn't looking so hot and they're somewhat related to the industry that VIP (cellular) is in. MB: russia's probz don't look good for your oil patch pickins... when the squeeze comes, russia willl have to sell buttloads of oil (state assets) to keep solvent since they won't be looking to tap the debt markets till later in the fall. Check TSC for 2 articles today on oil producers/servicers and finding the bottom in that sector. scanned bloomberg, VIP trading halt on order imbalance.. what does this mean? It resumed shortly therafter. GS reiterated VIP as a market outperform on 7/31