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To: Berney who wrote (7394)	12/9/1999 9:32:00 AM
From: MonsieurGonzo	Read Replies (1) of 11051

TB:" Moon Money " ...yeah, (my) post sounded kinda patronizing after I read it, and I had that "twinge of remorse" afterwards - as I can palpably feel your sensitivity right now, Berney :-/ no, I didn't see the potential of / buy any AA - Alcoa at the beginning of the year, fwiw. None of the other light metals companies have done well this year - either their management were not as keen at maintaining margins in the face of falling prices, or their "metal books" were hedged short-bias ("backwardation") so, they were locked into the wrong position for a "contango" commodity metal market scenario. -Steve

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