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Strategies & Market Trends : Thai Funds

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To: Polartee who wrote (34)11/13/1997 1:49:00 AM
From: Heretic   of 107
 
John:

Congratulations on a successful strategy!

Obviously, TC & TTF NAVs have been sinking in recent weeks. The premiums, on the other hand, have remained excessively high -- that is until this week.

I had erroneously been expecting a sustainable bounce in the Thai market. I believed the potential of such an outcome produced an unacceptable risk/reward scenario for an otherwise sound strategy of shorting a high premium CEF. Clearly I was wrong - the 'risk' of a stronger Thai market never developed.

Reed
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