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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (8895)	5/18/1998 5:28:00 AM
From: Paul van Wijk	Read Replies (1) \| Respond to of 18691

No (more) FUD, the facts Message 4494958 Paul

To: Roger A. Babb who wrote (8895)	5/19/1998 12:52:00 AM
From: Steve168	Respond to of 18691

Roger and all: what shorts are you recommending now? Thanks,

To: Roger A. Babb who wrote (8895)	5/20/1998 12:55:00 AM
From: peter michaelson	Respond to of 18691

Indonesia Fund is a closed end fund trading on the NYSE. It is short-able through Datek. With the currency and market plummeting in Indonesia recently, IF's net asset value per share - specifically determinable, by the way - has dropped from $3.13 to $1.94 since the first of May. At the same time, the share price has gone from $5 3/8 to $5, and did hit $5 5/16 today. The premium of share price over the determinate value of IF is at about 160% tonight, having been as low as 60% on May 1. Its premium has been generally very high since the Indonesian troubles began last summer. One can view IF's portfolio as of March 31, and emulate it to a great degree through the purchase of ADR's on the NYSE, in order to hedge against a major increase in the rupiah or JSE (Jakarta Stock Exchange) valuations. I publicize all of this as I have now completed my position and would be more than happy to have short-sellers keep IF's price in line as/if the rupiah and JSE strengthen. Thank you. Peter