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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Kapusta Kid who wrote (3034)1/14/1998 10:27:00 PM
From: Jyoti sharma  Respond to of 78628
 
Hi Pete,

Regarding Korea, I agree it's not a good idea to pay a premium. When I bot KF the premium was below 10%. The premium changes daily with supply and demand of stock as well as the currency gyrations. I think the premium will be under 10% later this year with KF trading over 10.

Before KF I never bot a CE fund at a premium. Usually I look for the discount in a CE fund, the higher the better. I made an exception for KF because all the Korean ADR's on NYSE had a premium of over 100%. BTW Korean market has already bounced about 20% this year. I am hoping it will go up another 50-60% this year. So far MAKOX has performed better than KF. I own both KF and MAKOX.

Best wishes and good investing.

Jyoti