SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Closed End Global and Country Funds -- Ignore unavailable to you. Want to Upgrade?

To: HB who wrote (176)1/9/1998 6:03:00 PM
From: Tommaso  Read Replies (1) | Respond to of 289
 
Address
655 Montgomery Street Suite 1438, San Francisco, CA 94111

As to shorting the CEF Korea Funds, I guess it might work but I am not going to do it. If the stock prices doubled and the premium shrank to nothing you might make a profit, but I prefer a straight bet on the Korean market. If you think the Korean market might take two years to make a major recovery I suppose shorting KF might work.

But as for me, these tricky ideas usually do not work out and complicate my tax return no end. I'd rather buy MAKOX and simply hold for long-term capital gains. I called them again today and was promised the forms were going "right into the mail."



To: HB who wrote (176)1/9/1998 6:52:00 PM
From: peter michaelson  Respond to of 289
 
I did just that, thanks to this thread and the Asia thread on SI.

Shorted KF and bought MAKOX through the broker on 2 January and made 5.7% in a week (closed positons today) as KF fell from 56% to 28% premium.

Paid commissions to broker and 1% early redemption fee to Matthews, unfortunately, but it was nice to have a 0% premium fund to go long on in short notice.

I let you all know, since it was SI information that turned me on to this.

A foolish American sense of fairness!


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News