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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: XBrit who wrote (13317)8/23/2000 8:59:15 PM
From: Tommaso  Read Replies (1) of 436258
 
OK I got it.

The rates are so low that I would just as soon sacrifice the interest and have the total flexibility of owning Euro travelers checks. Of course. who knows, American Express might go bankrupt but they have been solid for an awfully long time.

For aggressive and safe hedging, where you know exactly what you are risking, the Euro calls (if I ever get them figured out) seem best.
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