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Patrick Bateman

09/20/06 3:02 PM

#500462 RE: Zeev Hed #500458

Where do you think RACK goes medium-term when market rallies to your 2007 highs?
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cash2go

09/20/06 3:17 PM

#500473 RE: Zeev Hed #500458

Zeev - are you expecting a strong close to the quarter

I'm thinking the summer rally surprised a lot of high cash fund managers and they are likely in need of some performance to close out the quarter.
This week could see some upward pressure from walk ups. Next week they will be wary of SEC looking over their shoulder.

Just a guess on the macro picture and very long on my holdings. Plan to favor shorts late next week. Any thoughts?