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Gold/Mining/Energy : Oil Sands and Related Stocks -- Ignore unavailable to you. Want to Upgrade?

To: insitusands who wrote (10395)6/2/2006 1:49:48 PM
From: TheSlowLane  Read Replies (2) | Respond to of 25575
 
Of all the lessons that Livermore has to teach (and there are quite a few), that last one is the one that is really seared into my consciousness. To have that much success and then let it slip through your fingers...bad idea. That's why I make sure that I keep a good portion of assets socked away in an asset class with a track record measured in millennia and that is "nobody else's liability".



To: insitusands who wrote (10395)6/2/2006 5:11:57 PM
From: rolatzi  Read Replies (1) | Respond to of 25575
 
Do you mean 90% margin, that is he put up 10% of the value with his own cash. It is said that one of the causes of the market crash in 1929 was that too many people were margined to 90%.
Rolatzi


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