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To: WBC who wrote (67265)9/25/1998 9:22:00 AM
From: TigerPaw  Respond to of 176387
 
OT Long Term Capital Mgmt. LP

After reading some about LTCs asset problem I think I have worked out the strategy that their award winning professors used. They place a bet on a volitile stock (security, danish piggy bank, etc). If it goes up they collect half the profit. If it goes down they double down the bet.

People have used this technique in Las Vegas for years with the same results.

TP