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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (8894)	2/11/2000 12:36:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 42523

you a member of le metrop ?

To: pater tenebrarum who wrote (8894)	2/11/2000 12:44:00 PM
From: flatsville	Read Replies (1) \| Respond to of 42523

heinz--FWIW some posters to the Yahoo! hm board beleive Murhphy misinterpreted comments made during the conference call and came to the conlusion that hm intended to increase it's very small hedge. messages.yahoo.com >>>Its amazing how rumors can take a little remark and make it something completely different. I listened to the entire conference call, and the chairman said on several occasions the amount of hedging wsa so small, it ws a rounding figure. According to figures put out by HM their total hedge position is 5%, minus 2% protected by puts so total exposure 3%. HE STATED SEVERAL TIMES that HM has no intent to commence any more hedging except if it was required by lenders on new projects somewhere down the line.<<<