Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (24016)	8/12/1998 7:51:00 AM
From: yard_man	Read Replies (1) of 94695

James it is also nice to know which webs are "free." This means that the shares can actually be converted to the underlying holdings in proportion and sold. In theory this should keep the web from tradin at much of a premium or discount to the holdings. I know EWM is one such "free" web. They are in the minority. As I have watched the price of this one -- I don't think that the "free" aspect has competely eliminated discounts/premiums, but that is what it was meant to do, I think. Certainly they do track better than say a closed-end fund which often sell at premiums when a market is getting hammered.

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