Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (9064)	6/18/2001 5:51:51 PM
From: Bucky Katt	Read Replies (1) of 13094

Argentine debt & peso in the news again, and it is getting worse> Argentine Bonds Sink After Peso Devalued for Imports, Exports By John Lyons Buenos Aires, June 18 (Bloomberg) -- Argentine bonds dropped, staging their biggest decline in two months, on concern a new exchange rate for importers and exporters may be the first step to currency devaluation. The country's widely traded floating-rate bond due 2005 fell 4.2 percent to 82.6, yielding 16.6 percent, after the government said Friday it plans to fix the peso's exchange rate for importers and exporters at the mid-point between the U.S. dollar and the euro. This effectively devalues the peso about 7 percent for trade purposes, based on the euro's value of about 86 U.S. cents today. quote.bloomberg.com As I alluded to several months ago, this has been a nice opp to make some serious coin..

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