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Strategies & Market Trends : Asia Forum

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To: Stitch who wrote (1886)2/5/1998 10:08:00 AM
From: Worswick  Read Replies (1) of 9980
 
I just love the markets Stitch.

Always, the markets are rigged by the have's against the have not's. By the informed insider's majority against uninformed minority. I remember, historically, when Alan Ryan in the 20's got a corner on the old Stutz Bearcat company and the shorts, who comprised much of the market, were in an absolute conrer because Ryan controlled all the shares outstanding in the Stutz stock. The shorts (the majority of the market) simply changed the rules; and, Ryan with all his money in Stutz, effectively went broke though he had established a real, verifiable incredible "corner". For the rest of his life Ryan was pensioner of his family.

Later, in the late 70's the Hunt's got their corner on silver; the exchange simply changed the rules and the Hunt's, one of the richest famlies in the world at that point, went from owning the world to bankruptcy. It was simply uinbelievable how they screwed the Hunts as unlikeable and as uncuddly as they are.

It doesn't surprise me the exchange in Malaya has changed the rules. Be happy you hadn't made a big trade you needed lots of cash for settlement and you were counting on getting it on a 5 day settlement and had to get it TOMMORROW! These people won't settle for your motor scooter, they want all your laundry too.

I don't think this up period in Asia will last. IMHO. Japan, as I have posted is still as dark as it gets. No daylight yet. I am curious when Bernie's reimeiser says "Yes". The time to buy. Hope he tells us.

My best to you, as always,

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