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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (11786)	12/17/1997 2:19:00 PM
From: purecntry5	Read Replies (1) \| Respond to of 94695

Those Korean Fund stocks dont move too well. I bot 5000 KEF Dec 3rd at 3 1/4, the Korean market proceeded to ascend 7% TWO days in a row and I thought I would be in the moulah!!! It topped out at 3 3/4 on Dec 5th after those huge days and I knew the issue was for the dogs and sold it all for 3 1/2. I dont know what kind of gains Korea would need for those issues to gain, but it seems outrageous. Just my experience. Good Luck and Happy Holidays Cowboy Brett

To: Investor2 who wrote (11786)	12/17/1997 5:15:00 PM
From: James F. Hopkins	Respond to of 94695

HI Investor; KEF is a closed end fund you can buy it or sell it any time, I don't want to hype her..she is risky, this is an election play, also hind sight is 20 20 and after looking at another closed end which would be the same play I wish I'd gone to her.. just KF, she has a larger portfolio, and cost about twice KEF, but also trades much more volume on an average and will be more liquid , with the IMF giving Korea a shot in the arm, I think they both will get a bounce, Korea wants to get her hands on that money and will at least behave for a while. Jim

To: Investor2 who wrote (11786)	12/17/1997 6:22:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

BTW, did you notice yesterday I posted the YEN move, and the dollar fall, beat all the news media to it..also posted a buy on the open for EWJ..she closed yesterday at 10-1/16..however I missed her as she gaped up this morning to fast for my bid, and I decided not to chase her as this could be a flash in the pan..yet EWJ is a better buy than any Japanese closed end fund..as they are all selling well above their navs..but EWJ is based on the index, kinda like our SPY. I saw that yen move early enough yesterday had I jumped then and bought EWJ on the close I would have got her..didn't realize things would happen that fast.. Jim P.S I don't like the way the dollar fell..it's going to spell troble for stocks, the fallen YEN is what killed their stock market.