Originally Posted by
BlackPeter
You are quite right and I am aware of this issue. However - I think markets are still ways in denial and I expect probably later this month or early next month still a quite significant drop, which would be good for the strong bear.
Obviously - I might be wrong and everything is honky dory from here with nobody realizing all these dead and unemployed people piling up.
If this happens, than yes, I might lose a bit of money with BBOZ, but hey - my other stocks would in this case do really well (which is the nature of hedging). Anyway, I think at this stage I better stay hedged.
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