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To: David A. Irvine who wrote (14288)4/29/1998 11:24:00 AM
From: TraderGreg  Read Replies (1) | Respond to of 27968
 
Yes, yes, don't get me wrong. I agree that calling for certs helps, definitely. It's just it doesn't stop it from happening.

You're right, they short alot. And when it works they never have to cover...which produces a side benefit.

IF YOU NEVER HAVE TO COVER A SHORT, THEN YOU DO NOT HAVE A TAXABLE EVENT!!!

Which thus produces a windfall return.

TG