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Strategies & Market Trends : The coming US dollar crisis

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To: Box-By-The-Riviera™ who wrote (20436)5/20/2009 9:29:09 AM
From: Real Man  Read Replies (1) of 71463
 
These stories. I don't have one of those since I
don't trade big, and I'm weary of uncovered options
shorts for obvious reasons. Thanks, as always.

Bulldog on prubear was a floor trader in 1998. He wanted
to enter a large derivative risk free position to pocket
the large risk premium right around
the infamous little 75bp uncle Al cut action on LTCM day. As
the stampede ensued, the bearish side of the trade executed
while the bullish side never did.

He blew up for more than a million and lost his job and his wife
through divorce.

Hates the Fed.

Yes, my orders sometimes took a few minutes to fill, even
without the stampede. Timing is crucial, and playing with
derivatives is playing with fire.

And what did I do on that day? Nothing. I did not play
derivatives. Maybe already
long a few gold and silver stocks. As I watched them dive, I added.
As they were diving more, I added more. As KGC dropped
to 30c-something, I really bot in size. Did the POS DROOY too.
Chit!

Paid off big time a long while later. 90s was the time
when gold and gold stocks only went DOWN, and no end
in sight. Gulp!!!
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