doing something within a DISCIPLINED PLAN and manage their risk, is better than doing NOTHING. I'm sure they get sick of hearing it and during the March LAUNCH they wanted to strangle me. If that BLACK SWAN event had not happened their hedges would have kept them profitable on a selloff. Now I have to re-educate and re-sell many of them on the value of protecting price levels because sooner or later a surprise SINK HOLE will show up to balance the LAUNCH. The markets have an ADDICTION to BALANCE as the PENDULUM swings back and forth.