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Re: weatherbill post# 3751

Sunday, 07/22/2007 6:53:05 PM

Sunday, July 22, 2007 6:53:05 PM

Post# of 16989
i think you are correct on the dilution issue. while that is factored into the current pps, it does hold down future pps growth and i think may have something to do with pps weakness of late. my break even is .01975 so i am hoping for something beyond that if a storm or 2 come along. i started out with this as a long position but now i am not so sure. will surely ride it out through storm season and see what happens to pps.