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To: mikereid who wrote (376028)10/9/2008 5:55:34 PM
From: prosperous1 Recommendation  Read Replies (1) | Respond to of 436258
 
At this stage the only way to establish a long position is through
-dollar cost averaging down assuming you are in for long haul, nobody knows how low this goes, stating from this level and adding every 5% down and then up is a good idea. I am glad that this is going down as fast as it is, it will clean itself better for the long run
-keeping phy gold is a good idea, silver may or may not provide same insurance as gold does plus easier to hold
-would be wary of mining stocks in this mess
-Shorting at this stage may be beneficial but with very high risk
Good luck whatever you do



To: mikereid who wrote (376028)10/9/2008 6:02:53 PM
From: NucTrader1 Recommendation  Read Replies (1) | Respond to of 436258
 
Find a bank that's not going to go broke and put your kids money in a CD. Next ?


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