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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (47490)4/20/2000 7:07:00 PM
From: SBerglowe  Respond to of 99985
 
I bought FAX over a year ago eyeing the dividend....and sold it recently at a losss. I think if the Australian Dollar were to strengthen it would be an interesting play, but i see only weakness in the AD, no signs of a reversal and would avoid FAX. One that I like for yield is NUT...your risk is island hurricanes.



To: John Pitera who wrote (47490)4/21/2000 12:36:00 AM
From: AllansAlias  Read Replies (1) | Respond to of 99985
 
What's the next best means to short the $US other than selling a future contract? Are there options on currency contracts?

Thank you for your response John. I have a futures account so I will look into the options.

As hard as I find it to believe, the breakout on DXY looks technically real at this point, so I am reserving judgement for the moment.

--Allan


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