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Banco Santander, S.A. Message Board

  • taramaster taramaster Aug 24, 1998 7:09 AM Flag

    Monday AM CNBC report

    stated that STD would take another hit today
    (after the 2 point drop on Fri) due to exposure in
    Venezuela. Fear of devaluation there due to weakness in oil
    sector. Gov't gets 50% of revenues from oil sector and
    slowing global demand becuase of slowing economies will
    keep oil prices down. Most of us have large gains in
    STD. It may be awhile before we see any more. You need
    to have faith in a management team that got us here
    to keep us here. Good luck to all. Today could be
    another ugly day for us.

 

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