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Strategies & Market Trends : Closed End Global and Country Funds
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To: Mike McFarland who wrote (208)2/4/1998 5:09:00 PM
From: yard_man  Read Replies (1) of 289
 
I think that there are economies in better shape than Malaysia that have been hit hard, but what attracted me to them was the percentage their market was off. I think Singapore and Taiwan are probably more solid, but Malaysia was down good but not as "scary" a prospect as Indonesia where corruption is "all in the family."

I bought some EWM at higher prices, so may average is a little above 5. 10's a good target I think. I'm willing to hold for a good while to get a little beyond there if need be as well. I'm expecting another good downturn -- perhaps not back to the levels of Jan 12, but if we do get there I'll probably double up on EWM.

Good luck.
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