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Strategies & Market Trends : Russian Crisis - Is it a buying opportunity?
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To: Jeffrey L. Henken who wrote (85)8/31/1998 9:02:00 PM
From: Rick  Read Replies (1) of 175
 
I've been about 90% cash in my stocks & 100% cash in my
mutual funds for the past three months - foreseeing
the crash of Russia. Was monitoring the Russian RTS index
in the weeks leading up to this and the Russian index went
from 190 to 68 (was 300 at one time) -- so I knew something
had to give in the Dow. Too bad I didn't buy puts vs.
just go to cash. But have been nibbling here and there..
Picked up some Ozemy at 12.5 - as the long term risk seems
to be nil at that price. On the other hand - I'd
never touch AMZN with a 10 foot pole. Too late
for the puts now (even though will probably go down more
in the next few weeks) - since there is some upside risk.
Japan, Russia, Korea all stink like a smelly fish.
IMF is running out of money to bail anyone out.
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