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Author: Dwdonhoff Big gold star, 5000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75649  
Subject: Re: Hi gang... wow!!! Date: 9/19/2013 12:25 AM
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Hi AJ,

Well, maybe you could make your own actual spreadsheet (instead of a PDF) that would show this, instead of continuing to just tell Ray he is wrong.
I don't think I need to tell Ray his is wrong... and his posts below confirm that further. He knows very well exactly how the spreadsheet would need to run to account for the voatility risks, and he's saying he refuses to do so.

The stated reason is he's standing firm he doesn't believe the risks matter.
The unstated reason is doing so would have the naked (unhedged long) positions lose.

Obviously, you're not explaining well enough what you want him to do, and it's your viewpoint that you're trying to get across, anyway.
I am apparently guilty of confusing some folks around here... mea culpa.

I don't think that is the case for Ray (maybe a little at one point... but he & I are respectful & rational, and he sticks with it, as do I.)

Dave Donhoff
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