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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: ild who wrote (130518)10/22/2001 11:26:14 AM
From: Tommaso  Read Replies (2) of 436258
 
I don't know, but I have just bailed out of almost all of my euro warrants. The horizon is too short and the warrants are only worth about $1.20 right now, while somone is still willing to buy them for nearly $2.00. Or rather, about $1.80 latest bid.

I'm not saying I did the right thing, but I don't want that four-month limitation. Someone else may make a killing. And I might, too, if I can get the warrants back for about 50 cents at some point.

But the war-drums are beating and the dollar looks red white and blue.

I am still keeping most of my cash reserves in euro-denominated bonds, to await the ultimate huge decline of the clown buck dollar. But as we have seen, insanity can be quite durable.
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