Quote from OddTrader:
Q
I managed to sell $750 million worth of yen short before it broke. When the DM failed to resist the rise in the dollar, I reduced my DM position to $750 million. I am now fully hedged, long in DM and short in yen. I did not make any money on the maneuver, but I avoid giving back my profits.
--- The Alchemy of Finance, George Soros, page 271
UQ
Your exploration/ discussion/ input on the above would be appreciated.
