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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (50775)	6/7/2004 2:39:05 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 74559

sorry to hear that, hope you will recover the losses

To: elmatador who wrote (50775)	6/7/2004 7:46:20 PM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

elmat: I remember that a few weeks ago you sold the $ at about $1.25/Euro1.0, in anticipation of a move to $1.60/Euro1.0. I guess you unwound that position (at a loss?) before recently buying the dollar at $1.25(?) in anticipation of a move to ?, then selling at a loss. In all seriousness, it is difficult to make money trading currencies around the anticipated effects of news events. The guy on the other side of the trade usually has a lot more info. than you do and you're playing (approximately) a zero-sum game. At least with stocks you know that long term the game is net positive - though you need to be clear on what long-term means. That's why the little guy loves stocks - a rising trend makes everyone a genius, a la 1999. Even Ray Duray loved US equities in 1999. I am sorry that you are unwilling to take the possibility of a new (renewed, actually, after a multi-year correction) bull market for US equities with any seriousness. A diversified portfolio of US tech. and growth stocks will make you serious money in 5 years - all you have to do is buy and then sit on your hands.