From: Laurie Cameron alEll >
To: Jeffrey Epstein <jeevacation@gmail.com>
Subject: almost closed
Date: Fri, 11 Oct 2013 00:58:04 +0000
Attachments: Oct_10.xls
I closed down the bulk of the positions today. There is very little left and no positions with
significant losses.
It was really difficult for me to realize such a huge loss and I am sorry for it. I closed the
NZD and AUD options out at much better prices today than I did yesterday. I was hoping
to find some way to try to make back what I have lost, but unfortunately I can't do it
without taking more risk and this is just not the right time to add risk.
The fear trade (long JPY, CHF ,SGD vs USD and long U.S. treasuries) started to reverse
today. The USD started rising against GBP and CAD yesterday. The USD made a monthly
high vs the CAD, which is why i kept this position.
Technically the NZD has also made a strong top between 8240-8250. I will close the delta
hedge (forward position) in this tomorrow, but hope to see a breakdown below .82 next
week before closing the small remaining NZD call.
AUD has been trading virtually in a one cent range (9386-9486) for a week and looks like it
is making a strong rounded six month chart. It was important to reduce risk one week
before the debt ceiling needs to be lifted, but the charts indicate that NZD and AUD are
paralyzed by uncertainty. The push to drive them higher has stalled. I will look to close
remaining AUD positions below .94.
I hope you are healthy through all of this...
EFTA00676086