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Strategies & Market Trends : Waiting for the big Kahuna

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To: Judy who wrote (9205)	11/5/1997 8:52:00 PM
From: Joan Osland Graffius	Read Replies (1) of 94695

Hi Judy, >>You mentioned that you shorted SPY in a previous post to me. I assume the position is open, but is it a hedge for your longs or just a trade? I am using my short position in SPY as a hedge for my long positions and yes the position is still open. I was going to short BEN as a hedge against my foreign holding but I dumped all my foreign funds and stocks before the recent mess, thank god. Joan

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