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To: robnhood who wrote (119215)6/18/2008 10:05:44 PM
From: tyc:>  Read Replies (1) | Respond to of 313059
 
>>PM juniors are on the outs, and have been for at least the last year.

Thanks for letting us know !

If PM juniors are "on the outs", why wouldn't their prices be driven to extreme levels by hedge fund shorting ? Hedge funds DO short, you know.... and the market is dominated by hedge funds, and institutions using hedge fund strategies.

I have a feeling that the higher the seniors go the more juniors must be shorted to hedge them. This would have been a great hedge strategy in the past year... one that they would not pass up.