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Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: Sir Francis Drake who wrote (15470)	12/15/2000 8:34:24 PM
From: Sir Francis Drake	Read Replies (2) \| Respond to of 16892

OT btw., speaking of brokers and crazy schemes, if you are going to do a lot of X-mas shopping, take a look at this, LOL (it's a Merril Lynch set up): stockback.com Morgan

To: Sir Francis Drake who wrote (15470)	12/15/2000 8:38:08 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 16892

I don't gamble $millions. Actually I added warrants to each of my $ portfolios. Their values won't change much if the $/E ratio changes. In Austria, we have a huge liability against Swiss Franc, and even worse the JPY. Many private homeowners refinanced their homes in Swiss, or Yen, to the tune of about $20B (in whole), and many did it when the yen traded about 140 against the Euro not 90 to 95...they enjoy interest rates of about 2 or 3 percent but are in the hole about 40% now. The Yen is also overvalued and I might believe that I take out a Yen/EUR put as well.

To: Sir Francis Drake who wrote (15470)	12/18/2000 10:32:13 PM
From: Gary Korn	Respond to of 16892

I know some people doing 3-way arbs. between $, Euro and Yen. And some are really putting up huge amount of leverage - every tick rakes in millions. Out of my range Some years back I invested in Friedberg Mercantile's currency fund. Friedberg is a big macher in Canada. It actually did fairly well that year, up about 30%, but nothing like the 1,000% returns it had gotten before I found it. Bored, I pulled out of the fund. Fortunately, as it happens, because since then it has had negligible to negative returns. Currency trading is tough, even for the big boys. Gary Korn