To: pass pass who wrote (48205 ) 5/19/2003 8:51:30 AM From: Larry S. Read Replies (1) | Respond to of 53068 Short recommendation on TLT: 'kensey' has recommended TLT (Short) at May 16 2003 3:57PM Ishares Trust Lehman 20+ Try BD ( AMEX : TLT ) Symbol Last Time Change High Low Volume ----- ---- ---- ----- ---- --- ----- TLT 93.58 3:31PM 0.54 93.76 92.95 643,300 Community Take -------------- 1 Long / 6 Short 'kensey' said: Fri May 16 12:20:50 2003 *shorts the bond market* TLT as the vehicle as it is cheaper than shorting in the futures market. action is starting appear last hurrahish. last rachet down in ratesish. bond market in rowboat drifting out to seaish. of course, when things get this overblown, tendency is for it to continue and get more overblown. let it! the dislocation this represents should manifest itself at some point. rates could be getting low enough to perhaps cause more refinancing. if so, that might cause more treasury buying by FNM et al which would cause the dislocation to grow. cool! rates could be getting low enough to cause allocation shifts from bonds to stocks. kensey See the annotated graph of this recommendation at:clearstation.etrade.com +-+-+-+-+-+-+-+-+- Recommend emails are a powerful way to get investment tips as they happen from the ClearStation community. ClearStation is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities members should buy or sell for themselves. Members should always check with their licensed financial advisor and their tax advisor to determine the suitability of any investment. ClearStation, Inc. is a wholly-owned subsidiary of E*TRADE Group, Inc. and an affiliate of E*TRADE Securities, Inc. and E*TRADE Bank. E*TRADE Securities, Inc. and E*TRADE Bank are wholly-owned subsidiaries of E*TRADE Group, Inc. E*TRADE Bank deposits are insured up to $100,000 by the FDIC. E*TRADE Bank and E*TRADE Securities, Inc. are separate but affiliated companies. E*TRADE brokerage accounts are maintained by E*TRADE Securities, Inc. Products offered by E*TRADE Securities, Inc. are not insured by the FDIC, are not deposits or obligations of E*TRADE Bank, are subject to investment risk, including possible loss of principal invested. ClearStation is a registered trademark of ClearStation, Inc. E*TRADE is a registered trademark of E*TRADE Securities, Inc. Member NASD/SIPC. Copyright (c) 2000. ClearStation, Inc. All rights reserved