sept investment update, page-2

If they are buying SPI futures they are buying the futures SHARE PRICE INDEX which is $25.00 per point per contract.

In other words at the current price of the SPI they have an investment worth about $85,000 per contract.(3400 x $25)

This means that for each 1% move in the index they win or lose about $850 per contract.

This is risky business if you do not know what you are doing.

In trading the index CTN no longer are confining themselves to microcap shares but are gambling on the index covering the top 200 stocks.

This could be considered a good move to be covering this end of the market if a recovery starts.

Bob