Thai Funds Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Thai Funds

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Polartee who wrote (51)	1/14/1998 12:52:00 AM
From: peter michaelson	Read Replies (1) of 107

Thanks John, I agree. It is bad to get greedy. TTF at 150% premium today. Price went up $1.00 in the last 2 hours of today's trading. I watched it jump. Who was the buyer I would like to know. I wonder if you have a specific broker to recommend in Thailand. I applied to HKSB in Canada but they cannot open accounts for Americans. Any new news on the new WEBS? Can't find any info at all lately. Of course, from the Malaysian example, a new WEBS is not likely to bring TTF premium down soon. P.S. I shorted TTF at $20, after it rose immediately following the devaluation announcement. Of course, I covered at $18 or something. But why on earth did it rise almost 30% after the news? Really amazing - one for the books. Since then I've been hedged, lately just using TC, since the spread between TTF and TC has been large. Though that spread, until today, seemed to fluctuate fairly predictably. On paper I lost a bunch of money today. 150% premium!! peter

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next