Re:

Spector, Edward (Private Banking and Investment - WFCB)

--- "Spector, Edward (Private Banking and Investment -
WFCB)" edward_spector@ml.com wrote:

Jeffrey,

I have discussed with you in the past considering
going long Australia
vs. New Zealand. Needed to be patient. It is trading
a range from 1.058
NZD to AUD to 1.117 NZD to AUD. We are at 1.0663
right now. Think we
should consider a position for LHW and FTC. There
are no open FX
positions at this time. Thinking 10mm each? Will
also need to confirm
to you verbally . Appreciate your thoughts.

Ed

The information herein has been obtained from
sources which we believe
to be reliable, but we do not guarantee its accuracy
or completeness.
The information is for discussion purposes and
neither the information
nor any opinion expressed constitutes a solicitation
by us of the
purchase or sale of any securities or other
financial instruments. All
indications are subject to market conditions.

Merrill Lynch considers trade confirmations and
monthly statements to be
the official record of all transactions and
balances.

Disclaimer:
CAUTION: electronic mail sent through the internet
is not secure and could be intercepted by a third
party. For your protection, avoid sending
identifying information, such as account, Social
Security, or card numbers to us or others. Further,
do not send time-sensitive, action-oriented
messages, such as transaction orders, fund transfer
instructions, or check stop payments, as it is our
policy not to accept such items electronically.

If you are not an intended recipient of this e-mail,
please notify the sender, delete it and do not read,
act upon, print, disclose, copy, retain or
redistribute it. Click here for important additional
terms relating to this e-mail.
http://www.ml.com/email_terms/

Yahoo! FareChase: Search multiple travel sites in one click.
http://farechase.yahoo.com