Losing the Points

(redirected from Lost the Points)

Losing the Points

Somewhat informal; in foreign exchange, the act of selling a futures contract on a currency at a low exchange rate and buying a currency on the spot market at a higher exchange rate. When one must deliver the underlying currency on the futures contract, losing the points guarantees a loss because one sells the currency at a rate lower than the one at which one bought it. Obviously, losing the points is inadvisable. See also: Gaining the points.
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They had ridden to and fro until they had almost lost the points of the compass, and became totally bewildered; nor did they ever perceive any of the signal fires and columns of smoke made by their comrades.
We have been like hunters who have lost the points of the heavens, and from whom the sun has been hid for days," said Hawkeye, turning away from his companions; "now we begin again to know the signs of our course, and the paths are cleared from briers