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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 6:52:00 PM
From: peter michaelson   of 289
 
I did just that, thanks to this thread and the Asia thread on SI.

Shorted KF and bought MAKOX through the broker on 2 January and made 5.7% in a week (closed positons today) as KF fell from 56% to 28% premium.

Paid commissions to broker and 1% early redemption fee to Matthews, unfortunately, but it was nice to have a 0% premium fund to go long on in short notice.

I let you all know, since it was SI information that turned me on to this.

A foolish American sense of fairness!
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