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Politics : Idea Of The Day

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To: Tom Trader who wrote (14255)11/14/1997 3:22:00 PM
From: IQBAL LATIF  Read Replies (1) of 50167
 
I think every fund manager I know run positions on S&P like buying out of money put options as low as 870's and 880's when market was 970- this is known as hedge - hedge funds are specialists in these situations taking advantage of voltality- you have raised issue about phenomenol profits of bears but where are they you keep emphjasising on these profits of bears but look at 'bearx' why it is so that the fund seem to have lost money on drops and now- I have beenfollowing its evolution by your reasoning that fund should have been at its highs of 896 but on the worst day it was down to 786 moreover SPYs why didn't they touch the lows set at 72's-you could got have shorted them on tuesday for as high as 92 when SOX was languishing at 278= now that SOX is at 295 look at SPY's in a falling market they loose money and same for rising markets.

You can keep disagreeing with me but I know that all these shorts were paid by someone and it was not longs-If shorts would have made money 'bearx' short standard bearer should not be languishing at where it is- for me when long positions are battered you see it in the stock like wise short positons are clearly visible by valuations of standard bearers and that is what I think is an anmoly- what is this kind of bear fund which does not make new highs in a 30%-40% correction of techs.
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