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Strategies & Market Trends : Argentine stocks -- Ignore unavailable to you. Want to Upgrade?

To: Tom who wrote (173)	1/21/1999 4:00:00 PM
From: X Y Zebra	Read Replies (1) \| Respond to of 331

It said that it would only accept bids from third parties for YPF control if they paid at least 25 percent above the base price of $38 dollars per share paid by Repsol for the 14.99 percent stake. Would that valuation be one of those "because I wish it to be so", or is there a reason backing it up ? For Repsol, seems to be the time to buy, while oil is cheap... unless it will get cheaper... I am sorry, I do not remember the name of the Spanish companies, (nor the Mexicans, I just know that it has taken place) Interesting developments. In Mexico, Spanish banks and brokerage houses have been buying their [large] counterparts..... Makes you wonder if it is 1492 all over again....

To: Tom who wrote (173)	1/21/1999 5:45:00 PM
From: EPS	Read Replies (1) \| Respond to of 331

Hey Tom and Zebra! Well it looks like the consequences of the Brazilian debacle are going to be felt hard..I guess before too long there will be good opportunities, although the situation in Argentina is probably going to get worst before... Moreover, there is no clear direction of what is going to happen there with the forthcoming presidential elections. Right now I am out of LATM but, no news here, placing bets on Japan..IMHO eventually, if things turn around in Asia, commodity producing countries will do better. What are your takes on the REAL? 1492 all over again? Hopefully not! Regards Victor