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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Joan Osland Graffius who wrote (201713)11/3/2002 11:18:13 AM
From: Knighty Tin   of 436258
 
Joan, I have always been sceptical of canned products from brokerage firms, whether Lions or Tigers or Targets or HOldrs (I use Holdrs from time to time, but would never buy on the ripoff offering), annuities (as I told one client, if I'm going to rip somebody off on purpose, it is faster just to pick his pocket or snatch her purse or his purse and pearly necklace <g>), managed futures (we do have a great one, though it is volatile and requires more than an 11% return before the client breaks even) or "Absolute Value" portfolios. But, in general, I mostly ignored them. Now that I am bombarded with them and only hear the positives about them, they provide me with a source of amusement on at least a weekly basis.

As to ADM, they did poorly because Bean Oil was so cheap. Now it has roared up in price, due to my price manipulation <VBG> and even the dim bulbs at ADM can make money. But they haven't heard that I'm about to manipulate them down again.
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