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Morgan Stanley Eastern Europe F Message Board

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  • ilyak98 ilyak98 Jun 1, 2006 12:09 PM Flag

    RNE is on sell today. The only reason

    The shares not distributed yet. It will take a while.
    "The Offering will only be made by means of a prospectus to be distributed to Record Date stockholders on or about May 31, 2006. The subscription price has not yet been determined by the Fund."

    the volume is very lite. the downward in price could be an anticiapation of offering but not actual offering itself.
    The only question - RNE is a fund , and should reflect the price of stocks included into , which obviously not down today, since most of major russian company closed on upside today.
    Looks like specialist is just simply manipulating the price.

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    • Or selling RNE in assumption of recieveng new offering at lower price. In case if stock moves lower, they are covered by today's sellings and if it moves higher, they would have replacement from new offerings.

      I also have no other explanation for decline the price of RNE today. It should move up on good data and new offering is only reason for downside.

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