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Aberdeen Asia-Pacific Income Fu Message Board

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  • axzl axzl Apr 23, 1999 10:04 AM Flag

    Move upward in FAX

    I oversubscribed as well to KHI and feel about
    the same about the same way you do. I sold two thirds
    of my position at 10 3/16 and oversubscribed by
    enough to re-establish my original

    Anyway, I think we may have gotten lucky with FAX. I took
    my position at 5 9/16 late last year and am
    optimistic that the NAV of FAX will continue to rise for a
    long time which will drag the market value with it. I
    wouldn't be surprised to see a special dividend or two
    from strong capital gains in addition to the regular
    dividend or maybe an increase in the regular dividend as
    the market value increases to keep the yield up.

    Thanks for the comments.

    • I certainly have mentioned this before but I like
      to talk about it because the investors I can
      convince the more eyes and ears I have to help monitor my
      investments too...if that makes sense.

      Traders I know
      talk about looking for catalysts to drive there new
      purchase higher,i.e. up coming earnings, new business
      etc.. Sucessful traders I know buy high and sell
      higher, trading with the momentum.

      I feel with
      income vechicles like FAX, KHI, SGU, HYP, PZN). I am
      looking for a "technical" catalyst(rights offering,
      secondary, unpopular merger, confusing change in corporate
      structure) to buy shares, verses fundamental issues
      (industry show down, earnings, etc.). Points of
      "inflection"..any ideas I would appreciate.


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