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To: MythMan who wrote (10751)11/9/1998 4:08:00 PM
From: yard_man  Read Replies (1) | Respond to of 86076
 
Ahhh, that would have been one colossal dip to buy, now wouldn't it?

It is very hard to make money daytrading, IMO.

I just bought an out of the money call for my CLX short. I wanted to limit the amount it could run against me since it broke a new 52-week high the other day.

I've got peace of mind for a while and it will make little difference when all stocks go to heck the last of this year or the 1st of next.



To: MythMan who wrote (10751)11/9/1998 9:29:00 PM
From: robnhood  Respond to of 86076
 
From a post on kitco

<<EJ (Wow. This Brazil deal is not going well.) ID#45173:
Copyright © 1998 EJ/Kitco Inc. All rights reserved
''Things are moving well, but we know that it won't be possible to conclude the letter of intent today,'' one official
said. The letter would spell out the country's policy commitments in exchange for the loans.

biz.yahoo.com

Letter of Intent? I though they'd have that done weeks ago. These guys are a long way off from a deal. Looks like
the Brazillians are playing hard ball. The IMF prepared the American taxpayer for their next reaming with the "too
big to fail" story about Brazil, in the process telling Brazil that they're holding all the cards.

My guess is that the IMF is trying to get Brazil to promise no Real devaluation for the next year or so, and Brazil is
saying, "balls!" because a Real devaluation promise is how they got the austerity measures through congress.

No, this is not a done deal.
-EJ>>>