short extension strategy reason, scenario, understand, 2010

cfa10yrplan

I am still confused with short extension strategy, I understand equitizing long short, anyone can raise a scenario for short extension?

I mean why they would do that, not how they do that.
I can see the reason for each step in equitizing long short, but not short extension.



Edited 1 time(s). Last edit at Sunday, May 30, 2010 at 12:06PM by Irishgyy.