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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: MoneyPenny who wrote (253697)8/2/2003 12:23:40 PM
From: Joan Osland Graffius  Read Replies (1) of 436258
 
MoneyPenny,

I have to assume the dumping of FAX is related to the fall in the Australian dollar during the last few days. The Australian dollar did bounce on Friday. In reality the fund is trading within its price range since mid May.

IMO, the income markets are in chaos right now and who knows what is going on, except that leveraged players on the wrong side of the trade are in trouble. <g>
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