Zeev's Turnips Patch-No Politics (ZEEV)

[otraque]

So far a lot of people have been wrong all year about crude; Barton Biggs Hedge Fund is getting annihilated because he made a big short bet against Crude when at 32, then another big bet at 35.
And then again (article linked is dated August 21)
For all i know he has shorted more since his triple short position by end of July.
http://www.iht.com/articles/534977.html
<<On Thursday, crude oil for September delivery settled at a record $48.70 a barrel on the New York Mercantile Exchange. Futures prices have climbed more than $10 a barrel since the end of June.
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In his letter to investors, Biggs said he thought the price of oil should be closer to $30 to $34 a barrel. So convinced is Biggs of his investment thesis that he increased the size of his bet in July, even as prices were rising. "When the price of an investment goes against us, unless the fundamentals have changed, our inclination is to buy more," he said in the letter................ Biggs did not return calls placed to his office on Thursday>>