Fwd: PLN
OK to convert the excess PLN back into USD? I need to sell around 682K PLN (~$185K).
Paul
Paul Barrett
Alpha Group Capital LLC
142 W 57th Street, 11th Floor, New York, NY 10019
yes. again a very bad decision to hedge!! were you afraid poland would strengthen compared to dollar??
Why? I thought PLN would weaken so I hedged the fx exposure. PLN is down 8% since I bought the stock. The hedge worked.
Paul Barrett
Alpha Group Capital LLC
142 W 57th Street, 11th Floor, New York, NY 10019
i thought you wrote it cost 185k
No — that was the amount of PLN profit above and beyond the PLN hedge amount. That is the USD value of remaining PLN.
Paul Barrett
Alpha Group Capital LLC
142 W 57th Street, 11th Floor, New York, NY 10019
Forwarded message
From: Paul Barrett
Date: Fri, Aug 3, 2018 at 10:54 AM
Subject: RE: PLN
To: "jeffrey E." jeevacation@gmail.com
No — that was the amount of PLN profit above and beyond the PLN hedge amount. That is the USD value of remaining PLN.
Paul Barrett
Alpha Group Capital LLC
142 W 57th Street, 11th Floor, New York, NY 10019