SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Jerry Olson who wrote (33035)3/25/2002 3:23:21 PM
From: Challo Jeregy  Read Replies (1) | Respond to of 52237
 
Monday March 25, 2:02 pm Eastern Time

Argentina peso plunges to new low, stocks rise

BUENOS AIRES, Argentina, March 25 (Reuters) - The Argentine peso
tumbled to a fresh record low on Monday afternoon on panic selling, despite
the Central Bank's attempts to stop the currency's plunge, and stocks rose as investors sought a safe
haven from the falling peso, traders said.

The Central Bank in the middle of the afternoon ordered
financial institutions to immediately sell dollars in excess of the
5 percent net worth limit for dollar holdings set by the Central
Bank.


``There is barely any trade, very little volume, everything is
very small,'' one currency trader said. ``Exporters are waiting
to see what happens and importers are paying their
commitments despite these prices.''

biz.yahoo.com



To: Jerry Olson who wrote (33035)3/25/2002 4:22:56 PM
From: dennis michael patterson  Read Replies (1) | Respond to of 52237
 
did I say anything?? ::))) VELO was off today as well. It makes me very nervous when the 2 of you are, well, when you have to revise your forecasts.



To: Jerry Olson who wrote (33035)3/26/2002 4:33:14 AM
From: Chris  Read Replies (1) | Respond to of 52237
 
keep us updated... trading is about "reacting" to price action. Support #1 taken out, we need to look at support #2...

level by level.. let mkt tells us what actions to take.

good job.