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Politics : Ask Michael Burke

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To: JHP who wrote (85716)	11/20/2000 12:22:00 PM
From: Tommaso	Read Replies (2) of 132070

Those are good buys if only I needed anything. But I didn't see any apartments in Aix-en-Provence, which with the high dollar are going for under $60,000 according to the Wall Street Journal. After trying various bear strategies suggested on this thread, I have found that a well-margined short position on XLK or QQQ can't be beat. When the market drops, the broker sweeps the money into my MM account and I earn interest, and when it goes up the margin calls are automatically paid out. This assumes a rotten market, of course. I think the bottom on this thing is going to be so low and last so long that I don't know if I'll ever really be long again except for energy. But for anyone who hangs on another ten years or so there should come a point to do the opposite, buying the indices (or better, discounted closed-end funds)on margin and holding. All depends on how far how fast.

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