Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (212)	9/27/1998 12:21:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 2794

"well, that leaves a lot of imagined money out there to disappear, poof into thin air, or, rather, into Bytesville." Well, if we assumed the the net worth of all companies are zero, than it truley would disappear, as it wasn't there in the first place. Better to ask what portion of these derivatives are offset by the other? Maybe this is what is holding the DOW 10,000 number down? Ask yourself this: If the DOW is worth some 13 Trillion dollars, and has gone down 25% is that not equal to 3.25Trillion. Now compare that to LTC. If there total leveraged position was liquidated, than they may realize a 100 billion dollar debt. But if it's slowly released, than the loss may be mooted to 3.25 Billion. Either way, I'm sure these people will all have a job somewhere. This is a shame. Maybe a "janitor" for a bank? I'm curious as to what their REAL positions are. Come Monday, they may be positive again.

To: Sam who wrote (212)	9/30/1998 12:23:00 PM
From: Worswick	Respond to of 2794

Sam I'm glad you're getting into this thing here. This is like a giant Chinese banquet. 45 from colum "A".... 75 from column "B". I sensed a certain skepticism at first on your part. Amazing that no Cligula figure has appeared here on this thread yet.... no one fiddling while Rome burns. Riddle : "If Henry had $1 trillion "on" at one point.... and there are 3,000 hedge funds out there and we only know the holdings of one hedge fund LTC... what are Henry colleagues doing and how much do they have "on?" My best to you, Clark Clark