Short recommendation on TLT:
'kensey' has recommended TLT (Short) at May 16 2003 3:57PM
Ishares Trust Lehman 20+ Try BD ( AMEX : TLT )
Symbol Last Time Change High Low Volume
----- ---- ---- ----- ---- --- -----
TLT 93.58 3:31PM 0.54 93.76 92.95 643,300
Community Take
--------------
1 Long / 6 Short
'kensey' said:
Fri May 16 12:20:50 2003
*shorts the bond market*
TLT as the vehicle as it is cheaper than shorting in the futures market.
action is starting appear last hurrahish. last rachet down in ratesish. bond
market in rowboat drifting out to seaish.
of course, when things get this overblown, tendency is for it to continue and
get more overblown. let it! the dislocation this represents should manifest
itself at some point.
rates could be getting low enough to perhaps cause more refinancing. if so,
that might cause more treasury buying by FNM et al which would cause the
dislocation to grow. cool!
rates could be getting low enough to cause allocation shifts from bonds to
stocks.
kensey
See the annotated graph of this recommendation at:
clearstation.etrade.com
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