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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: Schnullie who wrote (4907)	2/8/2009 6:40:34 PM
From: Kevin Podsiadlik	Read Replies (1) \| Respond to of 6370

Eric Oberg, the guy who wrote the piece I posted half of a couple months back, wrote a followup piece wherein he laid out a couple of issues with the advertising (specifically the prospectus) as well. The risk factors section puts a lot more emphasis on the foreign-investment aspects than the volatility. And what is in the section on volatility risk proved to significantly understate how bad it was in practice: for example, they cite underperformance by about 9% in market volatility of 40%. Oberg also touched on my short/short idea for capturing the slippage -- apparently that strategy blows up should the underlying index go straight down or straight up.