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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 (36656)	1/22/1999 11:08:00 PM
From: James F. Hopkins	Read Replies (2) \| Respond to of 94695

The cost of money may go up , biz.yahoo.com Sometimes I don't think it's how much there is as how much it cost. Looking at the AGM cash track something don't add up and it don't make sense. Somehow in DEC cash just vanished a lot of cash vanished. Any way the cost of short term money likely has more to do with margins and "futures" and AGMdata don't figure that in, yet even a small change in the cost of short term money can create what looks to be a large cash flow..but if that cash flow is borrowed money..it can get sucked right back out on a rally, "real" cash flows seem to be negitive , and I'm afraid that last burst into equity funds, was borrowed money..if so next week will tell us. ------------------ I closed all my positions short and long early today, and all that work wound up with 1.05% profit on what I had at risk, the spreads and commisions eat you up, had I added up the numbers sooner I may have not re-shorted the spy, heck if it goes aginst me there goes the profit. And I mean that was a lot of work and worry, hell if you can't bet big money it's not worth it, I was over hedged, and would have done twice as good had I not hedged, but thought at the time I was giving it my best shot, and had it not gone down without that hedge I could have lost a $1000 real fast likely before I could have unwound. I don't think that this type of short term trading is really going to get me any where. Two days hard work and spent a month figuring it out. I'm going back to tracking mutual funds, I do better with a high Beta fund if I get it on a dip, than stock picking or any of this short term stuff. --------------- I have a couple small postions in stocks and when I close them I'm just going to be a buy the fund on the dip type SOB. This aint worth the time I put in it. Jim