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Why do these stories always come out after a big move? George Soros lets it slip he has been way...

Why do these stories always come out after a big move? George Soros lets it slip he has been way short yen during its big move lower and has scored a $1B profit. Other big names cashing in are Einhorn, Loeb, and Bass. To Einhorn and Bass' credit, they've been publicly short the currency for some time. FXY flat premarket. 
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Comments (9)
  • bbro
    , contributor
    Comments (10014) | Send Message
     
    Is Bass still doing the JGBS trade??
    14 Feb 2013, 07:39 AM Reply Like
  • pauldjx
    , contributor
    Comments (6) | Send Message
     
    and shorting the yen
    14 Feb 2013, 07:52 AM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Bass will end up making a fortune (another fortune) shorting JGBs.
    14 Feb 2013, 04:44 PM Reply Like
  • designshoe
    , contributor
    Comments (848) | Send Message
     
    they havn't made much money, just recovered some losses.
    14 Feb 2013, 07:46 AM Reply Like
  • robgra
    , contributor
    Comments (419) | Send Message
     
    "Why do these stories always come out after a big move? "

     

    You actually expect that Soros would share his advance knowledge and thus have to share some of the profit with us commoners? You probably think he's going to pay his "fair share" of taxes on the profits as well then...
    14 Feb 2013, 08:14 AM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (548) | Send Message
     
    No, I don't expect him to share.

     

    Like the sun rising in the east, you can be sure after some big macro move to have Soros leak to a friendly reporter that he took part. I have no reason to doubt Soros was short yen, but ... When did he go short? Where was he short from. After riding a losing position from ¥85 to ¥79 did he cut his bets, did he double down ...

     

    I'm not doubting his ability as a trader, but stories like this just add puff to a legend.
    14 Feb 2013, 08:26 AM Reply Like
  • Rhianni32
    , contributor
    Comments (2065) | Send Message
     
    "Why do these stories always come out after a big move?"
    Is that a joke? Why in the world would someone who controls a lot of money and needs time to get in and out of their investment tell everyone?
    14 Feb 2013, 08:25 AM Reply Like
  • kyadjunct
    , contributor
    Comments (11) | Send Message
     
    Perhaps the perennial question remains: what are THEY doing next?
    Do they intend to get back intoYCS or move on?
    Barrons Roundtable expert Felix Zulauf expects the yen to go to 120, which means that YCS still has a lot more room to grow.
    Could it be that the G20 meeting just provided a pause?

     

    Does anyone have the next good idea? I have bought calls on NVO.
    14 Feb 2013, 10:23 AM Reply Like
  • kyadjunct
    , contributor
    Comments (11) | Send Message
     
    semi-retired from corporate USA
    part-time professor
    14 Feb 2013, 12:54 PM Reply Like
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