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WinLoseOrDraw

05/18/03 1:17 AM

#108697 RE: TJ Parker #108694

can't agree, but don't have energy for long post it would take to explain why. there is a difference between aggressive trades and aggressive money management and what caught LTCM was the latter, not the former.

all imo...

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leptokurtosiss

05/18/03 1:34 AM

#108711 RE: TJ Parker #108694

TJ / WinLose,

One simple word explains it all, Leverage.

Regards,

Lepto
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Benj

05/19/03 3:35 PM

#109143 RE: TJ Parker #108694

TJ, I think you're right. Did they even have any money of their own? If I remember right they leveraged their $1.00 into $100 billion or there abouts. <g> By the way, thanks for the reply on lynix. Always interested in computer literate individuals ideas on the subject for I am not one of them. Still believe the big boys ultimately lead this market. Get back from a few days travel and what do we get? MSFT, GE, etc. leading the way..... down.

Benj