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Strategies & Market Trends : Natural Resource Stocks

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To: Cogito Ergo Sum who wrote (2834)	11/1/2003 4:16:21 PM
From: jimsioi	Read Replies (3) of 108550

Asian Trackers - Premium to NAV "Buy the dip" ? or time to sell the excess...? Premiums on some of the Asian closed enders are plain astronomical... CHN (Chinese) 29% - yes, twenty nine percent over NAV...(before catching considerable popularity this item traded at a discount in the teens....) TDF (Chinese stocks but seemingly less high tech) 1.23% premium....this one has traditionally had a lower premium though it did shoot up to 10% last week before a crushing high volume reversal..see chart below... TTF (Thailand) 28.61% - again, historically very high... JOF (smaller cap Japanese issues) 16.5% TDF remains my favorite because of its lower premium. If there isn't an immediate rally from Friday's close the chances of a retreat to something around $14 increase, in my opinion, to worrisome levels.. stockcharts.com[l,a]dacayiay[dc][pc100!b40!i!f][vc60][iUf!Uc9!Ug!Lb8!Lh14,3!Ll14!La12,26,9]&pref=G Web Site on which to check Premiums to NAV etfconnect.com CEF (gold and silver) has a premium of 11.24% (a little high).. etfconnect.com

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