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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: gumnam who wrote (36941)	8/2/2003 9:01:31 PM
From: TobagoJack	Respond to of 74559

Thank you Gumnam for the view at the epi-center, as opposed to where ACF Mike is (Boston) and Maurice is not (real right-side up world). With these words <<The markets work in steps. So the coming week will be very interesting ... rumours flying ... big hedge funds losing a lot of money ... maybe the powers will pull back the market from the brink ... I will be very careful out there>> of yours, I am encouraged :0) Chugs, Jay

To: gumnam who wrote (36941)	8/3/2003 11:02:55 AM
From: Haim R. Branisteanu	Respond to of 74559

Many stock market participants are unaware of the "swap" transaction as it not be done as easy as in the bond market. A more loose way of doing swaps in the stock market is via the company convertible debt and the actual stock but on paper it is much more riskier as pure debt swaps I know of a $2 billion hedge fund who gained or lost around $60 million on one bp. They supposedly also rigged the market in conjunction with another hedge funds. They fund is not around any more but I brought it up as an example how leveraged hedge funds can get.