Mish's Global Economic Trend Analysis Message Board

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

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To: mishedlo who wrote (20913)	1/10/2005 9:58:02 AM
From: Haim R. Branisteanu	Read Replies (3) of 116555

Last week I posted a hedged trade as of now, luck included, those are the results Related to the trade I suggested on Dec 28/29 to date the results are: (Braskem Petrochemicals) Short BAK Long USD (49/50) dropped about 10% to 44- 441/2 = +10% Buy BAK debenture (Long Real ) remained the same @17% = -2.7% on currency Sell Put Real/EUR - Real appreciated 1% v. the EUR = +1% on currency ---------------------------------------------------------------------------------- Brazilian Real fell 2.7% v. USD EUR fell 3.8% v. USD New Profit around 7% to 8% plus put time premium Well the gain is impressive for one week and count also luck as a contributor <smile>

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