overseas valuation issues

[pms]

OK, I'm totally confused, even with Greg's step by step.  Is it also a dumb
move to buy your basic Pacific fund, not CEF, because of the currency
factor?  And I am talking long term here.


>Even if there is some 
>eventual upward movement of the NAV, there is much more 
>likely to be a much larger downward movement of the CEF.  
>Still sucker bait.
>Barkley Rosser
>On Fri, 09 Oct 1998 16:53:56 -0400 Greg