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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (51543)12/27/2000 1:13:04 PM
From: yard_man  Read Replies (1) of 436258
 
The question for folks engaging is hedging is not: can u have a very bad year versus what you would have had you not been hedged (of course you can) -- the question is what happens through a number of different periods of price strength and weakness -- hedging done properly reduces risks and smooths operating earnings ... nothing wrong with it per se, except many can't resist the temptation to trade once they get involved
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