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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (28319)	9/18/1998 8:29:00 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 94695

Interesting charts. CS looks like it hit a bit of resistance, but they do appear poised for a move, hopefully the move is upward. GZ

To: William H Huebl who wrote (28319)	9/18/1998 8:54:00 AM
From: Byram	Read Replies (2) \| Respond to of 94695

OT - Kind-of I thought ya'll might enjoy this.... ie: Local foreign-currency trading company - lost his A$$, closed his doors on Monday - some say he had as much as $60 Million investors money..... One lady gave them $240,000 - but her home is mortgaged, and may not be able to pay it or car payment.....( what: maybe 200% invested in high risk currency trading!!! - he told he she would never loose more than 10%..... (In currency trading????????) ) Another guy - invested 94K after he heard in the companys 1st year they had doubled their clients money!!! He expected the same. A third invested "6 figures" - "It was suppose to be a can't lose situation" My point..... I assume we all as option traders understand the loss as well as the gain potentials of all our actions... but there are folks here - in the US who "think" that this whole market is a garanteed high interest rate money market account.. Also, this is just the tip of the iceburg ... when folks start getting their mutual fund statements........ Personally I am not a perma-bear but cash flow is what grows a market like this (Not earning, growth , etc. like many think) And when consumer-confidence gets "dented" in any "product"... the cash flows tend to dwindle.... In conclusion: I am sorry that these folks lost cash...really! But, it does sound as if a few had no business investing as much - not in the ultra- high risk of currency trades.... BWDIK Byram