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To: chris714 who wrote (47975)7/29/2002 10:51:28 AM
From: Joan Osland Graffius  Read Replies (1) | Respond to of 209892
 
chris,

IMO, the value of FCO depends on what you think is going to happen to the US dollar. Also what kind of yield spread do you think is cheap. I have no idea what is going to happen in the future, but I am a buyer with a yield of 8%. I think the yield is cheap at this level. KT could maybe give you a better idea on what would be a better yield for starting to add.

Joan



To: chris714 who wrote (47975)7/29/2002 1:17:12 PM
From: whydididothat  Read Replies (1) | Respond to of 209892
 
I think you will be early on that one ... you should see some type abc correction develop over the next couple of weeks. It looks like it will need some serious base building while the dollar is retracing its March-July decline.


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