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To: patron_anejo_por_favor who wrote (92)2/3/2001 4:28:48 PM
From: Tommaso  Respond to of 329
 
I was among the first on SI to get into the EUN/WS. If there is another dip in the next two weeks I will probably buy more. I am trying to time it so I have the option of treating any success as long term capital gains, and the warrants convert Feb 28 2002.

I also put a lot of savings into BEGBX near the bottom for the euro.

Michael Burke thought the warrants might even go to a discount at some point. I wonder if Merrill Lynch has a long euro position to hedge themselves.

Thanks for the chart. I just look at the fundamentals and conclude the only thing propping the dollar is US pre-eminence as a military power.