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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: 8bits who wrote (2388)	9/18/2006 11:47:56 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 50726

8bits re: Mother Rock & Greed is NOT good. The "all long" quote refers to the three other funds who are now teetering near life support -- they were all long during this recent triple collapse of Natural Gas, Gold and Crude Oil. Bo Collins & Brian Hunter just demonstrated that greed is never good... regardless of the direction of the trade. 5:1 leverage is all about greed and hubris. It's like playing Blackjack and hitting on 19. ...talk about being doomed by your own DNA. I guess they don't call it "Gas Vegas" for nothing... Amaranth's blow up just goes to show the massive amount of speculation and leverage that STILL exists in commodities....and the VAST majority of it - is still positioned long. In this manic market you don't even need to play offense. Just play defense and follow Tartakower's advice: "The mistakes are all waiting to be made." It's all about seizing discrepancies between price and risk in either direction...and all you need to do is: "Play the Players -- not the Cards" SOTB`