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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (22382)	1/28/2005 8:51:14 PM
From: Tommaso	Read Replies (1) \| Respond to of 116555

As I know I have told you before, the most exhilarating investing experience of my life was in the first half of 1975, I guess it was. I had almost no money, but had painfully set aside a few hundred dollars a month for 3-4 years in a tax-sheltered annuity (as it was called--a 403b). The "fixed" fund paid 7.25% annually, which seemed pretty good, esepcially tax free. But as 1974 drew to a close I gradually moved all my money from the fixed to the variable, and six months after my final transfer I had a gain of about 50%. Guess what! My net worth had gone from about $7,500 to an astronomical $12,000. I felt smart and rich!

To: Knighty Tin who wrote (22382)	1/29/2005 1:35:57 AM
From: ild	Read Replies (4) \| Respond to of 116555

A sizable order to buy several thousand Gillette "February 45 calls" surfaced minutes before the closing bell, said Cathy Clay of Timber Hill, a major option market-making firm and a specialist for Gillette options at the Pacific Exchange. "It came at the end of the day, right before the close," Ms. Clay said. The order was filled at various exchanges, traders said, and is placed through a brokerage firm that floor traders declined to identify, citing customer confidentiality. The same brokerage firm -- or its customers -- is believed to have taken the other side of this order, a situation traders term "a cross." According to the Options Clearing Corp., 5,421 Gillette calls and 633 puts traded Thursday, compared with 1,002 such calls Wednesday, 1,785 calls Tuesday, and an average of 1,514 calls each day last week. online.wsj.com