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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (16631)	10/20/2004 5:06:29 PM
From: Lhn5	Read Replies (1) \| Respond to of 312315

I'll give you an example from my recent past. I think that Asian currencies in general are undervalued relative to US dollar. Part of the reason is the fixed relationship the Yuan or Renimbi has with the US dollar. Other Asian currencies are also kept artificially low to compete with Chinese exports. I expect Asian growth to outstrip US growth, and I also expect the Chinese to loosen up their currency at some point. Therefore, I am interested in Asian stocks. I also think that demand for food companies products will increase throughtout the area, so I bought some shares of Thai Union in Thailand. They own the Chicken of the Sea brand of Tuna. The symbol on nasdaq is TUFRF.PK and TUF on the Thai exchange. IF a few other people in the universe think this way, the price of that stock in local Thai currence 'baht' will rise independent of any other factors, just based on such demand. If the Baht gains value versus the dollar, I make more than the Thai do. That is if I find a point to sell it and get my dollars back.