RE: RE: RE: RE: RE: DRIPSI don't know much about hedging, but base on your information it seems
like they have short hedged, because they are only paying the initial fees.
My understandind is, it will cost $400m more to up the hedge from 54% to 75% by 2014.
The markets shot up, so they took the opportunity to hedge $5B now and thus
reducing the $400m hedge costs.
Last Q3 report MFC made $569M gains on the sales of Bonds
In Q4 they sold more bonds.... and adding this earnings to their regular earnings,
and the mark to market gains on interest rate / markets..... what do we get
.....their best Quarter so far in MFC history.
One has to be crazy to sell MFC now when everthing is falling into place for this
stock to recover from its big tumble.
Only my opinion