Message-ID: <9833091.1075845477994.JavaMail.evans@thyme> Date: Wed, 6 Jun 2001 14:50:00 -0700 (PDT) From: greg.whalley@enron.com To: michelle.nelson@enron.com Subject: Re: Wednesday, June 6th Reports Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Greg Whalley X-To: Michelle Nelson X-cc: X-bcc: X-Folder: \Greg_Whalley_Oct2001\Notes Folders\'sent mail X-Origin: WHALLEY-G X-FileName: gwhalley.nsf i have a question on my p&l. how did the hedge book make money on change in price when it was long and the market went down?