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

To: Taikun who wrote (53822)	9/29/2004 11:45:31 AM
From: RealMuLan	Respond to of 74559

>>Maybe if the Yuan was unpegged and sold off we'd have a weaker CHINA-either that or a weaker USD would do it. Both are possible. << you will not see this happen soon. China will let the market decide when the peg should go. Methink, that means when currency traders stop behaving themselves like a bunch of flies that smell of blood<g>

To: Taikun who wrote (53822)	9/29/2004 1:32:58 PM
From: Seeker of Truth	Read Replies (2) \| Respond to of 74559

Hi Taikun, "Can you buy PTR on margin?" Of course, why not? It's listed on the NYSE. Now out comes my wagging finger. Almost invariably we buy on margin only when we are supremely confident, i.e. emotionally swayed, probably by others. When we have borrowed and bought and watch the position grow unfavorable we panic and again, based on emotion, liquidate the position. No margin = objectivity. Margin = wild enthusiasn. Of course there are exceptions to this but so say the people who buy lottery tickets. LOL, Malcolm