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Hello ,
Short US
Long DJ
Long ND
Long SP
yea! what he said - see below!
Iac> Regards,
Iac> John J. Lothian
Iac> Disclaimer: This letter is strictly the opinion of its writer, and not
Iac> necessarily those of The Price Group and its management, and is intended
Iac> solely for informative purposes and is not to be construed, under any
Iac> circumstances, by implication or otherwise, as an offer to sell or a
Iac> solicitation to buy or trade in any commodities or securities herein named.
Iac> Information is obtained from sources believed to be reliable, but is in no
Iac> way guaranteed. No guarantee of any kind is implied or possible where
Iac> projections of future conditions are attempted.
Iac> Futures and options trading involves risk. Past results are no indication of
Iac> future performance.
Iac> Hypothetical Results Disclosure:
Iac> Hypothetical performance results have many inherent limitations, some of
Iac> which are described below. No representations are being made that nay
Iac> account will or is
Iac> likely to achieve profits or losses similar to those shown. In fact, there
Iac> are frequently sharp differences between hypothetical performance results and
Iac> the actual results
Iac> subsequently achieved by any particular trading program. One of the
Iac> limitations of hypothetical performance results is that they are generally
Iac> prepared with the benefit
Iac> of hindsight. In addition, hypothetical trading does not involve financial
Iac> risk, and no hypothetical trading record can completely account for the
Iac> impact of financial risk in
Iac> actual trading. For example, the ability to withstand losses or to adhere a
Iac> particular trading program in spite of trading losses are material points
Iac> which can adversely
Iac> affect actual trading results. There are numerous other factors related to
Iac> the markets in general or to the implementation of any specific trading
Iac> program which cannot be fully accounted for in the preparation of
Iac> hypothetical performance results and all of which can adversely affect actual
Iac> trading results.
--
Best regards,
Mark mailto:markbrown@xxxxxxxxxxxxx
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