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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Thomas M. who wrote (11287)	12/12/1997 4:28:00 PM
From: Tommaso	Respond to of 18056

Incredible!

To: Thomas M. who wrote (11287)	12/12/1997 4:28:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 18056

Tom, I saw your question about this on the MB thread. I don't know much about CEFs. Mike or Howard can answer you better. Good luck! -Mohan

To: Thomas M. who wrote (11287)	12/12/1997 6:12:00 PM
From: Jyoti sharma	Read Replies (2) \| Respond to of 18056

Thomas I own Korean ADR's. The premium varies from 40 to 100 %. The fact is Korean ADR's have always traded at a premium of 40-60%. When the Korean market turns these Korean blue chips will quickly go up in price. The three Korean ADR's on NYSE SKM, KEP, PKX are financially sound with limited debt. Today inspite of the Korean market being down and CNBC bad mouthing them, two have closed higher and one is unchanged. INMH buying puts or shorting them at these prices may not be rewarding until and unless Korea defaults on its loans or otherwise falls apart.