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Strategies & Market Trends : Asia Forum

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To: peter michaelson who wrote (1867)	2/4/1998 4:49:00 AM
From: allen menglin chen	Read Replies (1) of 9980

I'm quite curious about these ADR premiums. Could someone buy these shares in the local markets, and convert these shares to US ADRs? Therefore premium should disappear quickly? A few weeks ago, in Yahoo TLK news mentioning that people sell TLK in US with high premium, and then buy TLK in Indonesia cheaper through brokers the next day. My question is: if these people are short TLK in US, and long TLK in Indonesia, how they close their 2 positions if premium in always exists in US? Anyone have an answer? Allen

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