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To: Ron McKinnon who wrote (16880)10/24/1998 10:04:00 AM
From: Iceberg  Read Replies (1) | Respond to of 53068
 
>being in cash during the massive fall and jumping back in at the low would have given 3 years worth of average returns in 12 trading days

Ron,

Interesting retrospective view. However, on a prospective basis, how is one to pinpoint "the low" the next time such an opportunity arises?

Ice