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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: yard_man who wrote (216)2/19/2004 12:15:15 AM
From: mishedlo  Read Replies (3) of 116555
 
Eurodollars
Going to cover some puts tomorrow.
Shorted 5 Sept 2004 97.50 for 13.5
Should be able to cover tomorrow for 2

Shorted 10 Dec 96.25 puts in three stages for 14, 11, and 9 points
shoule be able to cover those tomorrow for 2

They are offering 10 points for sept 2005 94.50's
since I consider that free money
I will short 15 of those to replace the 15 I am removing

I think the odds of interest rates being 5.5% in Sept 2005 to be preposterously low.
Rolling short puts forward.
Covering 30 points exposure
Adding 150 points exposure.

Mish
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