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Strategies & Market Trends : Canadian Options
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To: Jan Johnstone who wrote (596)7/2/1997 4:30:00 PM
From: Sleeperz   of 1599
 
But hedge funds hedge both ways, they probably bought calls earlier.
The market could still go up more and the calls offset the puts.

When they think the market has peaked they sell the calls and ride the
puts. So the news tomorrow to watch is the employement report.

At the close the TSE300 +111 DJIA +73

For those interested Newcastle is offering a Market neutral Trust that
invests in Hedge funds. If they don't produce a return of 8% they
don't get paid their management fees.

cl
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