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Technology Stocks : SKM, S.K. Telecom, nyse, depressed buy, w/close stop -- Ignore unavailable to you. Want to Upgrade?

To: James Choi who wrote (26)	11/27/1997 9:52:00 PM
From: Jyoti sharma	Read Replies (1) \| Respond to of 122

James Korean Govt limits foreign ownership of their stocks. Almost all Korean stocks trade at a premium to their value in Korea. My understanding is that you can not directly buy stocks in Korea. ADR's do not always trade at par with their native country price. It all depend upon supply and demand. Korean stocks as far as I can remeber always trade at a large premium. WSJ has local prices and you can always compute the premium based on Seoul prices in Won.

To: James Choi who wrote (26)	11/28/1997 2:54:00 PM
From: bruce bell	Read Replies (1) \| Respond to of 122

James; All ADR's are the same. It are a number of shares that start out being traded on the NYSE at a starting price that would be the same in the foriegn country such as Korea. But as thge stock is traded the NYSE market increases the price or decreases the price and then you have either a premium or a discount to the true value in Korea. To trade on korea market it is 75% closed I think to foreign investments. If you can buy on the Korea market you have to sell on the market. If you can do this trick please let me know how. Bruce