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Strategies & Market Trends : Asia Forum

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To: Worswick who wrote (1484)	1/24/1998 10:18:00 AM
From: OldAIMGuy	Read Replies (2) of 9980

This is a great thread, Worswick. I've been invested in the Hong Kong market for a while through the Wright Equifund Hong Kong Fund (WEHKX). Recent setbacks have taken back most of the paper profits I had in the fund, while I reinvested the realized profits in more shares. It's been my experience (in Latin America) that a cash reserve is a "nice" feature to have with these investments. I use a method called "AIM" to moderate the risk of being involved and to benefit from these periodic bashings that occur. If anyone is interested in seeing what my history with WEHKX looks like at this point, please take a look at the graphs at: execpc.com There's a stacked bar graph that shows the way the Equity/Cash ratio changes with price fluctuations and a historical line graph plotting AIM's buys and sells relative to a 26 week moving average. The account is presently about Break Even from where I started, but that's better than at a significant loss when at or near (what I hope is) a market bottom. Please feel free to comment/critique the history. I'll be happy to field any questions that anyone has. Best regards, Tom

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