SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Difco who wrote (43736)8/17/2011 4:21:55 PM
From: Difco  Read Replies (2) of 78667
 
I've decided to hedge my euro exposure in VLKAY with ProShares Ultra-Short Euro (NYSE:EUO) ETF. I think with the euro sitting at $1.44 and both Germany and France unwilling to share credit with their southern brethren I don't understand why the premium over the USD, but as I said it's just a hedge. If the euro goes down to $1.20 and share prices in Europe don't change, we'll be able to pick up more shares at a 17% discount.

EUO gives -200% on the exchange USD/EU based on daily spot prices - hence short-term gains/losses to be considered and also K-1 will be given at yearend.

Let me know if you are doing something else.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News