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Strategies & Market Trends : Thai Funds -- Ignore unavailable to you. Want to Upgrade?


To: alan lewis who wrote (94)3/12/1998 1:11:00 AM
From: peter michaelson  Respond to of 107
 
Alan et al:

Thai Fund just announced that their NAV has been under-stated by about 10% since last May!

I saw it at NewsAlert via PRNewsWire. I'll try a link, but I'm not sure it will work for non-subscribers.

newsalert.com

This is not good news for my positions and I'm feeling a bit irritated at the moment.

peter



To: alan lewis who wrote (94)4/1/1998 1:07:00 AM
From: peter michaelson  Read Replies (1) | Respond to of 107
 
Alan:

Today I exchanged my FAK for KF long against the ADR shorts. For a brief time, KF was at a lower premium than FAK - about 8%. Now there's an unusual sight.

FAK has under-performed MAKOX since we last discussed this issue, so I really regret having used FAK. Plus, its premium declined. Oh well, I should have acted on your advice a month ago.

regards, peter