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Aberdeen Asia-Pacific Income Fu Message Board

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  • flipper_58 flipper_58 Apr 20, 1999 9:53 AM Flag


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    • 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.

4.97-0.020(-0.40%)Oct 21 4:01 PMEDT