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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: current trend who wrote (586)	1/8/1998 1:44:00 PM
From: peter michaelson	Read Replies (1) \| Respond to of 9980

CT Thank you for that post. While most of us at SI try to figure out how to make money off of these dramatic events, we forget that: It is possible that this is only the beginning of a major economic disaster resulting in impoverishment and suffering for millions of people. Today, this possibility is easiest to conjure in Indonesia. Tomorrow? Let's hope for all the millions of Asians and all people that this crisis can be averted.

To: current trend who wrote (586)	1/8/1998 1:50:00 PM
From: peter michaelson	Read Replies (3) \| Respond to of 9980

Back to the business of making money. Premiums (the price paid versus the market value of the underlying portfolio) on Asian Closed End Funds are becoming incredible. Indonesia Fund, Korea Fund, Thai Fund Malaysia Fund et cetera. The list grows monthly. Some premiums have been very high for over six months. Thai Fund (TTF) has hovered between 40% and 80% since July. While the NAV's go down, the prices don't, yet there is solid and consistent trading activity. Who the he__ is buying these closed end funds and why? Having been short several of them, I have a keen interest in any replies.