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

To: TobagoJack who wrote (57052)	12/9/2004 1:58:41 AM
From: Taikun	Read Replies (2) \| Respond to of 74559

Jay, This violent dollar rebound stockcharts.com may strike down other currencies and PMs, and the dollar index may even crest 85 soon, but when it does, I'll be back on those currencies and PMs like a T-shirt in a monsoon. I keep asking myself, aside from the losses at CAO, the failed Singapore oil trader, where is the news of the hedge fund collapses amid these whiplash moves? I had a call from a hedge fund manager yesterday. They collected $50m from about 100 clients (many presumably took out mortgages on the paper wealth in their homes) and started a fund of $50m, they then leveraged that position with debt (didn't say how much) and they are betting on Treasury futures and making money on the spread of 100bp. He claimed he'd made $10m this year personally. I suppose if they'd turned that $50m into, say, $200m (4:1) and then were betting on futures at 100:1 ($20bn) and if they made 100bp (ie 1%, or $200m), even after financing charges, that would be a fantastic return. OTOH what happens if the trade quickly goes the other way? Like this chart: (Lehman 20yr T-bill) stockcharts.com and where does this chart go? Japan? T-Bill:USD stockcharts.com D

To: TobagoJack who wrote (57052)	12/9/2004 6:55:50 PM
From: Taikun	Read Replies (1) \| Respond to of 74559

Jay, On Cameco, I decided the other week, after licking my wounds, that this is a stock I just have to own. David Associated Press Cameco Board OKs 3-For-1 Stock Split Thursday December 9, 2:24 pm ET Cameco Board Approves a 3-For-1 Stock Split, Raises Annual Cash Dividend by 20 Percent NEW YORK (AP) -- Cameco Corp., the world's largest uranium producer, said Thursday that its board approved a 3-for-1 stock split of the company's outstanding common shares, and raised the annual cash dividend by 20 percent. All shareholders will receive two additional shares for each share held by Dec. 31. The Saskatchewan-based company currently has 57.5 million shares outstanding. Cameco expects its shares to begin trading on a split basis on Jan. 7 on the New York Stock Exchange. The annual cash dividend, which is paid quarterly, will increase from 60 cents per share to 72 cents per share, or 24 cents on a post-split basis. Shares of Cameco were up 3.3 percent, or $2.93, at $91.70 in afternoon trading on the New York Stock Exchange.