Belmont Club

By Richard Fernandez

Bio

Get Updates From Richard Fernandez
A Comment About

Michael Totten in Tbilisi

August 21, 2008 - 9:10 pm - by Richard Fernandez
Ledger
2008-08-22 05:42:23

If you want to hit Russia where it hurts – then hit them it wallet.

Sell all Russian stocks (or ADRs). Also, ask your pension fund to sell all Russian stocks (or ADRs).

For example sell the Russian Oil company Gazprom (OGZPY) or its equivalents.

This will send the Russian securities market into a decline.

If you really dislike the Russians then short Gazprom and profit from its decline.

Remember to always talk about its negative qualities including possible fraudulent accounting practices while selling the stock.

See: Gazprom quote:

http://www.marketwatch.com/quotes/uk/ogzd