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Strategies & Market Trends : Argentine stocks

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To: Tom who wrote (271)5/7/1999 1:06:00 PM
From: X Y Zebra  Read Replies (2) of 331
 
I am around.... just busy.... last month was the best month I have had ever.... home runs, doubles, singles you name them I had them... it feels I found the golden touch....

Then... watch me explode as I just said the above...

Personally I think the recent rise in interest rates are not justified.... then again... I will not fight the fed... I will "watch Saint Alan" eagerly.....

I will probably move to cash (substantially).... and perhaps day trade nervously and quickly attempting to capture small movements... Then close positions at the end of the day....

As for the LatAm strength.... seems as a good sign.... but I have learned that with the risk of devaluation (Argentina excepted... [for now]).... the risk has proven not worth the effort, or potential gain... given the fact that the US alternative is far better... (IMO).

If the Fed does raise rates...... then it is time to run for cover... or go short equities and enjoy the blood that no doubt will run.... and it seems there are plenty of potential around....

Lots of bloated pigs so the squealing will be loud and clear... he, he, he, he,....

Then cash will be king to pick up the treasures that will be dumped with along with the pigs....

For now... I am still long Schwab, Fedex, Spyglass and got out of 3Com.... plus I am trading other smaller fishies....

Some say there will be a "blow out" stage before the debacle....

I am not so sure of such.... too much cash keeps pouring in so the fling pigs seem to find support somehow....

Again I think the risk is increasing therefore day trading has become a somehow less risky proposition....

We shall see... said the blind man.
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