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To: Tommaso who wrote (669)12/20/2000 5:50:40 PM
From: Follies  Read Replies (2) | Respond to of 793
 
I agree with Michael. I looked at the latest positions and I was confused as well. There was a long position in CMGI and then there was a greater offsetting short position in CMGI. QWhats that about?



To: Tommaso who wrote (669)12/23/2000 2:20:55 PM
From: Hawkmoon  Read Replies (1) | Respond to of 793
 
The treasuries are there as security against the short positions.

Good answer Tommaso... I saw Tice on the O'Reilly Factor a couple of weeks ago and I was surprised to see him recommeding 2 year T-Bills over precious metals.

But my immediate thought was that he would want to have a sound base of collateral in place should he desire to extend his short positions.

Regards,

Ron


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