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Strategies & Market Trends : Asia Forum

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To: eWhartHog who wrote (5362)	8/2/1998 5:38:00 PM
From: James F. Hopkins	Read Replies (1) of 9980

John; While I doubt I would ever play any futures contracts, as I consider them to be instruments only suitable for persons with much more money than I have, I find some of them interesting. This one you mention on the Nikkei225 , but based on Dollars really captures my interest. I bet some large offshore hedge funds have a lot of fun with that one. I'm not sure if I understand what you seem to be telling me. Nikkei futures contract is based on US$5 times the Nikkei 225 index. The margin requirement is less than 10%. -------------------- Ie like if the Nikkei is 16000 , then one contract would be $5 times that amount !! 0r US $80000, indeed that would be rich for my blood..even with the 10% margin , the way that index goes up and down someone better have deep pockets to play any amount of that baby. I would expect the big players on it are also playing the YEN. What a deal for them, short the yen buy the 225, then latter switch, I take it you can short the Futures ? Thanx Jim

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