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Gold/Mining/Energy : Mirant Corporation (MIR)
MIR 25.50+1.5%3:59 PM EST
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To: Braincramp who wrote (51)1/29/2002 11:50:59 AM
From: Oeconomicus  Read Replies (1) of 903
 
Agreed. Though, while the differences seem obvious to those of us willing to stop and look, too many on Wall Street would rather shoot first and ask questions later - and then ask stupid ones. You'd think these overpaid dweebs could understand that selling your production forward reduces risk and locks in profits and cash flow. Like I said yesterday, MIR is using derivatives just as a smart farmer would - to lock in profits on their production and pass on market risk to other parties. Perhaps these portfolio managers who are selling now should have gone to Ag school instead of b-school. At the very least, they could have taken a finance course or two. Hedging really isn't that difficult a concept.
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