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

To: Tommaso who wrote (28944)	4/29/2005 12:10:44 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 116555

Erdman got suckered by Robert Vesco. The Swiss couldn't arrest Vesco because he was hiding in Latin America, so they arrested hapless Bernie Cornfeld and Paul Erdman. BTW, I thought Tommy Smothers was the perfect casting to play Erdman in the movie. Not a great flick, though.

To: Tommaso who wrote (28944)	4/30/2005 12:42:14 PM
From: Tommaso	Respond to of 116555

I made a mistake in my comments on Jim Rogers's book on commodities. On page 79 he does mention the time in 1970 when he got wiped out shorting University Computing at $48. It peaked at exactly twice that. He also was short oil when the Iran-Iraq war broke out in 1980 but got out without too much damage. I had a brush with the same thing by holding a very large short position in XLK starting in the middle of 1999. But I was able to make all the ensuing margin calls and when tech stocks finally cracked I ended up with a modest profit and even better got all the money back and was able to continue shorting the QQQs (as well as collecting on various LEAP puts). finance.yahoo.com