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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Rock_nj who wrote (6398)	10/15/1998 6:10:00 PM
From: Money Maker (MM)	Read Replies (2) \| Respond to of 119973

Why is TLK moving? Because Indonesian's economy is in turning point right now. They have low inflation on September and downtrend for interest rate. Indonesian central bank has reduced interest rate many times in the last few weeks. Rupiah has been stronger because people expected bullish situation for doing business. They need rupiahs. Many investors have bought Rupiahs back. Many foreign investors loaded Asian stocks up for their portfolio after they sold them last year. They just started it. They will more aggressive after FED cut interest rate. Lucky me, FED cut interest rate today. It will have positive impact to Asian economy and also to global economy. IMO, this act has been reduced global recession risk. Now, we are in bullish trend. Asian stocks become the very promising stock in the world now because their price is very very low.....:) Because of changing situation, I expect Rupiah will stronger than I expected before. I predict rupiah will go to 5000 per USD by the end of this year. Last year, rupiah at 2400 before crises. Beginning of this year, rupiah around 15,000. Last week, rupiah around 10,500. Yesterday, rupiah at 8,700. Tomorrow, I expected rupiah will break 8500 with the target 8,000. I predict many investors, foreign and local, will bought Telkom (TLK) in heavy volume on Jakarta Stock Exchange (JSE). Its price will go up. If Telkom on JSE goes up, TLK will go up here. If Rupiah becomes stronger, TLK will go up here. If Telkom on JSE goes up and Rupiahs becomes stronger, so TLK will jump here.....:) That's why TLK moving today. Tomorrow should be great to watch this stock out. We may see $5.5-7 tomorrow. Good luck my friend. Happy investing....:) MM