Tuesday

China H Shares Bonanza

Post a Comment March 31, 2009 – 2:11 am |   | Permalink |  Print This Post |

Closed $20/point of our long China-H-Shares on open at 7977, booking $2000 profit. We also note that our short GFT China H Shares expired yesterday (it was a March contract) - hence the apparent discrepancy. Our apologies for getting that wrong - but that was a mistake which “cost” us a profit of $2000. We lost the spread 12 points x 20 = $240. Net profit of $1760.

We have another $2/point unhedged long China H-Shares left open.