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Strategies & Market Trends : Greater China Stocks

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To: Julius Wong who started this subject	11/20/2003 10:57:02 AM
From: Otho Fulton Tapp	of 8334

Julius Getting back to VLCCF. I brought up what I thought was the home page in which it indicated 4 tankers were built in S. Korea in 1995 and 1 tanker in 1996, each with a tdw of 280,000 plus. I went though the motions of saving the web page but cannot find it and cannot bring it up again. After reviewing recent sales of tankers if IMHO a very modest $250 per tdw is assigned to the 5 tankers 1.4M tdw, it yields a market value of $350M, about double the current market cap of about $178. It appears to me to be a very safe as well as a very profitable investment. Now we need to determine when to buy, the price is down this AM. Otho

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