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Aberdeen Asia-Pacific Income Fu Message Board

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  • flipper_58 flipper_58 Apr 20, 1999 10:09 AM Flag


    Has provided some amazing firepower to FAX.
    Almost 3MM shares traded yesterday, 3-4 times normal
    volume. Some 100k upticks are still very good signs that
    big money is still buying.

    Certainly the AUD
    has been somewhat stronger, but if my memory serves
    me the AUD was in the $.64-$.65 area in the Fall too
    for a short while. The NAV too up till recently has
    been relatively quiet. The discount is narrowing and
    with the fixed dividend policy.

    Also FAX Asia
    debt component has been a real added winner. They took
    the risk last summer and it's paid off as many of us
    thought it would. Lucky for us.

    With Oil hitting
    new highs,etc., we might be seeing the first leg up
    of strenghting in commodity prices. I too am a
    believer that we won't see any real substainable commodity
    inflation for an extented time due to productivity gains
    and high unemployment still in many 3rd World

    I tell you though if this thing hits $7 in the next
    week I might trade some out and buy back later. But
    it's still short term for me so you have to expect to
    buy it back at a lower price that includes the added
    tax burden. Sometimes it's not worth the chance, but
    one point in a few weeks since a little strong, short
    term any way.......but as a friend always tells me the
    best thing is probably go lie down till the feeling
    goes away...not bad advice.

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