[angkor]

The whole piont is that the episode smells very very bad.

To you, obviously.

To someone who's trying to setup a bear raid against weeks of accumulating short selling, it smells like a hedge strategy.

And by the way, it worked, in exactly the way a hedge is supposed to work when options are employed as a hedge.

The company in question went long on a short-beaten sector stock, while putting up short insurance (via puts) simultaneously.

[eno_]

OK, so why not name names?

Any reason?

Unless, of course, this "investment letter" doesn't exist.