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Strategies & Market Trends : 50% Gains Investing

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To: tom pope who wrote (105426)	11/5/2011 9:56:22 AM
From: Madharry	Read Replies (1) of 118717

I bought JEF and after Meredith comments i bought more. However it does alarm me that I read in barrons' of october 31st that MF management said they had no more than $1 of risk in their euro trades and now after the downgrades the company has filed for bankruptcy. It seems more and more that the tape is a lot more truthful than words spewed out of the mouths of management. However, MF seems to be the classically bad example where a board highers an experienced reputable guy who puts know money in, than risks all the investors money for better or for worst. JEF seems a different kettle of fish in that management owns around 10% of the company I think lucadia owns a big chunk so my guess is that they probably send in their own auditors to see whats going on. theyd be foolish not to.

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