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Strategies & Market Trends : Closed End Global and Country Funds

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To: yard_man who wrote (205)	2/4/1998 11:12:00 AM
From: Mike McFarland	Read Replies (1) of 289

Yeah, I guess I was pretty naive when I got more EWM yesterday, thinking it had not fully reacted to all of Kuala Lumpur's gains. So I guess the ADR's, EWM etc were all up as much as they were going to be up, and then when the Malyasian market opened lots of things probably just gapped up to match. Now if the locals had driven things up further...but instead they're probably scratching their heads too, thinking why did I sell before Ramadan, when there is no chance to get back in now cheap. Conversely, when you hear one of the foreign markets does well during their local trading, expect the ADR's and funds to gap up to match. So there is probably no way for simple minded peasants like me to play this game. Too bad, I purchase my last "third" of EWM at what will probably be the high for the week. Sort of funny when you think about it tho, I put in a limit order at 6 early yesterday so that I dont overpay when EWM gaps up--silly me, if it was going up it would have opened up

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