Player's Club Speculative Futures Message Board

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Strategies & Market Trends : Player's Club Speculative Futures

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To: BG Smith who wrote (23)	1/13/2000 11:58:00 PM
From: Bull RidaH	Read Replies (2) of 185

BG & all prospective partners, In time, we may open a second fund that will allow for greater investment. I hope he makes us all wealthy enough in this one to afford that one! <g> GZ has requested that I remove the provision from the agreement that requires him to close out part or all of a hedged position by close of trading the following day (Section 3A). He would like the flexibility of being able to carry that hedged position as long as he feels it is lucrative for the partnership to do so, and believes this change will allow us as a partnership to benefit in a greater capacity from overpriced S&P options and the premium erosion that occurs over time and distance travelled on the futures contract. I am in agreement with making this change, and he strongly believes it will give the fund greater overall return potential while at the same time reducing risk. If anyone needs a more detailed explanation on this, I will be happy to pmail the conversation he and I had on this topic. Regards, David

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