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Pastimes : Ask Mohan about the Market

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To: Thomas M. who wrote (11287)	12/12/1997 6:12:00 PM
From: Jyoti sharma	Read Replies (2) of 18056

Thomas I own Korean ADR's. The premium varies from 40 to 100 %. The fact is Korean ADR's have always traded at a premium of 40-60%. When the Korean market turns these Korean blue chips will quickly go up in price. The three Korean ADR's on NYSE SKM, KEP, PKX are financially sound with limited debt. Today inspite of the Korean market being down and CNBC bad mouthing them, two have closed higher and one is unchanged. INMH buying puts or shorting them at these prices may not be rewarding until and unless Korea defaults on its loans or otherwise falls apart.

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