WCOM Message Board - Msg: 13362987

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Technology Stocks : WCOM

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To: Jeff Hayden who wrote (6281)	4/6/2000 3:38:00 AM
From: c.hinton	Read Replies (1) of 11568

Dear Jeff,I started having doutes in early January.By its end I Fired my Advisor and started liquidating stocks, I moved the monies into Treasuries ,Municipals and in a Euro short term gov bond fund.The treasuries are between 5-12 years.You can figure the results for your self.I have lost0.5% on the euro.But I get that back and more on interest. Yesterday I purchased the right but not the obligation to sell 1.2mil dollars at that days exchange rates.The option has a duration of 8 monthes.The fee was about 4% of the sum involved.If the dollar moves down 4% I break even.Every 4% further I double my money The Euro Last year traded at 1.17 dollars to the euro right now it is at.96 dollars to the euro.In my opinion there will be volatilaty in currencies as there has been in stocks. The worst the market does the better I am likely do. I also KNOW what my maximum loss could be.Can any body in stocks say the same. yours chinton P.S.I see the whole market going down.Not just Techs.I owned Wcom since just before mci and should have sold when it was at 90.

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