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

To: Gary Strike who wrote (1787)	1/31/1998 11:35:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 9980

The reason I feel that way is that something that moves that far that fast ordinarily does not continue. So I am going to try to remain resigned to a lot of ups and downs. There are times when it takes five years for a market to make a 50% move. I am not going to get out because I think the longer term prospects for Korea and its currency are promising. Congratulations on your judgment in getting in when you did. I would have been into MAKOX a good bit sooner but my broker doesn't handle it, so I waited for them to send me an application form. Ordinarily such a delay does not matter much, but I do wish I had done things with faxes and wires instead of letters and checks. I missed about 15% of the move. If my holding of MAKOX were in an IRA I might be more tempted to trade rather than hold despite the redemption fee. But the tax consequences of too much trading are grievous to figure out. Let's hope we continue to enjoy a ride upward.

To: Gary Strike who wrote (1787)	1/31/1998 12:02:00 PM
From: Mohan Marette	Read Replies (2) \| Respond to of 9980

Gary time to break out the Kimchi then,you think? Thanks for that Korean closed fund ticker symbols,i think i am going to have to take a closer look at them. I certainly hope all this Asian mess soon will be a distant memory.

To: Gary Strike who wrote (1787)	1/31/1998 6:19:00 PM
From: Stitch	Read Replies (3) \| Respond to of 9980

Gary,Tommasso; <<I bought into Matthew's Korea Fund about 3 weeks ago and am up close to 40%.>> A succesful investment normally consists of two parts, a buy and a sell (dividends aside for a moment here). In my limited experience there comes a time that you must ask yourself what your original investment goal was. Burt Bachrach and Hal David wrote a lovely song called "Knowing When To Leave" that may best sum up what I am feeling as I read your posts. Let us know when you have completed your succesful investments in Korea. Best, Stitch