S A ADVISORY APRIL 3, 1997
GLOBAL POSITIONS

_________________
back to NEWSLETTER


GLOBAL POSITIONS

On February 26, 1996, 900# investors were notified to total position in Paine Webber currency WT (PWP.WS) @ $20.00 We intially recommended purchase @ $6.25 on 6-13-95 - our overall gain equalled 220%


COUNTRY	COMPANY			EXCHANGE	YR		PURCH.	CURRENT	G OR	STATUS

				&/OR SYMBOL	RECOMMENDED	PRICE	PRICE	L		





JAPAN	HITACHI			TOKYO		6-4-92		790 YEN	1100	39%G	B

JAPAN	NISSAN			TOKYO		8-24-92		592 YEN	729	23%G	B

MEXICO	EMPRESSAS  ICA		NYSE (ICA)	4-6-92		$17	15 7/8	6%L	H

MEXICO	GRUPO SYNKO		MEX (ADR)	4-23-91		$1.25	.05	96%L	B

MEXICO	CIFRA			MEX (ADR)	7-27-91		$1.18	1.34	14%G	B

ENGLAND	LONRHO			OTC (ADR)	11-27-92	$1.08	2.375	120%G	B

ENGLAND	DAWSON HOLDING	  	LSE		8-23-93		$5.50	26.25	377%G	H

	PLC			RULE 535SUB2

CANADA	ARC INTERNATIONAL	AMEX (ATV)	8-28-93		$1.44	3 11/16	156%G	H

THAILND SHINAWATRA		THAI (ADR)	5-18-94		$12.25	4	67%L	B

ENGLAND	JEROME & SON		LSE (ADR)	5-18-94		$1.00	1.125	12%G	H

 	HOLDINGS

CANADA	ARC INTERNATIONAL	AMEX (ATV)	7-7-94		$3.125	3 11!6	18%G	H

FRANCE	EURODISNEY 		2004 WARRANTS 	10-26-94	$.12	.22	83%G	B

ARGENT.	YPF SOCIEDAD		NYSE (YPF)	3-8-95		$17.00	27.25	60%G	B

MEXICO	GRUPO MODELO		MEX		3-18-95		$3.66	6	64%G	B

HONG K. ELECTROCON		EPLTF		8-30-95		$.95	1 1/32	9%G	B

FRANCE	EURODISNEY		1004 WARRANTS	12-10-95	$.27	.22	18%L	B

HONG K.	ASM PACIFIC TECH		

	TECHNOLOGY		ORDINARY	12-10-95	$.90	.68	25%L	B

HONG K.	VARITRONIX

	INTERNATIONAL		ORDINARY	12-10-95	$1.65	1.50	9%L	B

JAPAN	BEAR STEARNS J

	YEN PUT WT		BYE.WS		4-22-96		$6.50	12 5/8	94%G	H

RUSSIA	TEMPLETON RUSSIA

	FUND INC.		NYSE		9-27-96		$21.50	33 1/4	55%G	B/H

	SHINAWATRA		THAI		10-15-96	$8.00	4	50%L	B

AFRICA	ASHANTI GOLDFIELDS  	NYSE(ASL)	3-20-97		$15.25	13	15%L	B	 



OUR OVERALL GLOBAL EXPOSURE YIELDS A 48% GAIN 		

Back to Newsletter

In order to stay in line with SEC guidelines, S.A. Advisory may buy, hold or sell positions in all securities recommended. The portfolios are all hypothetical in nature. It is likely that all recommendations were purchased prior to the recommendation. We may buy additional shares or may sell shares at any time. S.A. Advisory's portfolios are geared towards sophisticated investors aiming for long-term capital gains. Our trading habits may vary at our own discretion. Most recommendations are based upon strict fundamental analysis. Usually revenue and earnings EST for low priced common stock result from management discussions.


APRIL-MAY 1997 NEWSLETTER

Copyright © 1997 S.A. Advisory