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To: Patrick Slevin who wrote (9363)	11/1/1997 9:31:00 PM
From: Patrick Slevin	Read Replies (1) of 17305

Most won't, but I find this an incredibly interesting piece of e-mail. (so I got a lot of time on my hands, what of it?) ...RECOGNIZE most of what you hear about Soros Fund Management is managed news. In my experience nothing gets out of 888(as they are known in the industry)without their wanting it to get out. The mere fact that you hear them referred to as Soros..generally tells you the information is incorrect or what they want people to hear. Their profits in the far east going into the last few weeks were "leaking out" as being in the billions of dollars of profit. The fund that does far east reported up over 80% in the press(again managed news)as of a month ago. Historically they have been a backspreaded when they use derivatives which means small loses when you experience big moves and huge profits when you are right. You can't really evaluate a loss in spread with the context of what could have been made. A couple of years back they got a lot of press when Quantum loss $600 million trading the yen. That was $600 million of $12 billion.....5%. How many of you would risk 5% of your capital for a trade that might have made you 50% if you were correct? The line starts behind me!

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