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To: croonerjim who wrote (43210)	6/4/1999 3:16:00 PM
From: Money Maker (MM)	Respond to of 120523

croonerjim, TLK was down from $30s, June '97, to below $10 because of economic turmoil in Asia and also because having bad government. The regime was so strong. They have legality but not legitimacy from Indonesian people. The regime was down last year after 32 years. The current government is a transition but still doesn't have legitimacy from Indonesian people. There was lack of investors confidence since July 1997. That's why we saw TLK dropped from $30s to below $10. June 7, 1999, is the election day. UN, and of course US, give a lot of attentions for this. Indonesia just ended campaigning days, today. At the firs time, most of people worried about campaigning days. They afraid it will become a bloody campaign. But the fact told it was not true. That's why we saw a big move today. The investors confidence is back but not 100% yet. They still wait and see. I guess, when the confidence back 90%, TLK will be traded above $20, the appropriate level, IMO. Most Indonesian believe they will have new government, clean government. IMO, in 12-18 months, TLK may go above $50. Asia is back, Indonesia will also back soon. TLK may go back to $30s by the end of this year, IMO. That's all my opinion. MM