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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (27908)	5/4/1998 11:07:00 AM
From: HB	Read Replies (1) of 132070

A few minor points about CH: the Yahoo chart looks to me like it has been adjusted for the $3.14 distribution which occurred at the beginning of January (the price as of Nov. 28 on the chart is about $3 less than on my statements, for instance). The year's low appears to have been $15 in Jan., maybe lower intraday of course. The fund has had a pretty large (15%+) discount since I've owned it... I think 20% is not unusually large. I have little to add on the fundamentals; I think CH will react badly to another wave of disaster in Asia, and you gave the reasons why, but that's hardly guaranteed, and we're much closer to CH's bottom this year than say, Korean or Malaysian CEF's (or FPF) are to theirs, so arguably we're somewhat better protected on the downside. Czech Republic fund is doing OK ... you still in, Mike? Cheers, HB

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