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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (7236)	10/21/2005 7:03:00 PM
From: Logain Ablar	Respond to of 33421

Thanks John: I've been avoiding the market pretty much all year. I'm waiting for a vomitt where we get decent valuations again.

To: John Pitera who wrote (7236)	10/21/2005 8:52:45 PM
From: aknahow	Read Replies (1) \| Respond to of 33421

Unwinding my thoughts, on unwinding REFCO'S large multiple positions. First I would unwind all long positions in which I had a profit. This would probably drive most commodity prices lower even without trades being made in some markets where I was short. After the collapse caused, almost across the board, I would then cover my short positions. I see this as possibly what could have been done, and yes, I am using hindsight , and still wondering if this makes any sense. Is this why gold and silver went up today?