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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (27707)	9/17/1998 3:07:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 94695

Bill, late in response, but still responding <gggg> Yes I am watching Russian ADR, there are a few such as ROS- Ros Telecom at $2.5 and TNT Taftneft - a oil company at 1 3/4. Risky play but defined downside <ggg> Both stocks were over $20 a short year ago <ggg> The mood is so bad toward Russia that I think we ar around the bottom. The risk is still that the privatization process will reverse and you can kiss goodby to your equity similar to options. So we have a stock with option risk enbodied in teh shares of real companies with relativelow P/E and with option upside potential. As of today I lost money if mark to market, but for some reason feel more confortable as holding DELL, CSCO, or LU for example. BWDIK Haim