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Strategies & Market Trends : Closed End Global and Country Funds
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To: HB who wrote (176)1/9/1998 6:03:00 PM
From: Tommaso  Read Replies (1) of 289
 
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655 Montgomery Street Suite 1438, San Francisco, CA 94111

As to shorting the CEF Korea Funds, I guess it might work but I am not going to do it. If the stock prices doubled and the premium shrank to nothing you might make a profit, but I prefer a straight bet on the Korean market. If you think the Korean market might take two years to make a major recovery I suppose shorting KF might work.

But as for me, these tricky ideas usually do not work out and complicate my tax return no end. I'd rather buy MAKOX and simply hold for long-term capital gains. I called them again today and was promised the forms were going "right into the mail."
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