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Aberdeen Asia-Pacific Income Fu Message Board

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  • kankot kankot Mar 17, 2000 10:46 AM Flag

    With the dividend cut to

    With a future NAV reduction and global interest rate going up. FAX is definately going for a dip to 3.75 to 4.00 and it will trade in that range for a lonlg time.

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    • As someone stated with interest rates on the rise
      a 14% return should be the minimum an investor
      would expect on a foreign currency paying bond fund. Be
      patient and put in a good till cancelled order with your
      broker at the price you want to pay.

      As interest
      rates continue to rise change your order to a lower
      price. At some point, probably on a high volume day
      somebody will throw in the towel and take whatever price
      they can get. BINGO you have your rate locked in. All
      of this presupposes that they don't reduce the yield
      again. Watch gold prices going forward and figure out
      the correlation.

 
FAX
4.87+0.03(+0.62%)May 27 4:00 PMEDT