Posted on 03/04/2006 7:16:34 AM PST by Liz
What they don't tell you is the 52 week low for the stock is $72,000.If you bought the stock a year ago you could sell with a 21% profit for the year.Wish my mutual funds had done this well.
On top of all that you could go to the annual stock holders meeting.I hear it is a neat weekend with great discounts from some of the companies they own.(Jewlers,furniture stores etc.)
Nonetheless, he bet against the direction of the U.S. economy and lost. My comment had nothing to do with politics.
Of course he blames all this on Bush.
he bet against the direction of the US Dollar, not the direction of the US economy. The two are not the same.
whatever you may say about the man's politics, there is nothing in BH's portfolio that suggests it's betting on the U.S. economy tanking.
do you find you can arb the dx against the interest rates?
I don't really do a lot of arb. I probably should since I understand the yield curve so well. I should arb that. I probably will in the near future.
Your question is about arbing markets that are correlated. Sure, you can do that but you have to have a very extensive knowlege of the relationships. It is really hard to study for that.
The best way to trade futures is to practice money management. If you limit your losses you can come back and trade another day.
I don't pretend that you are new to this subject but if I don't have any more contact with you and you really want to trade futures I'll help.
If I am way below you I apologize.
The best way to understand futures trading is to start with the Turtles. Ever heard of them? Here is a link: http://www.originalturtles.org/docs/turtlerules.pdf
It's a pdf file and if it doesn't appear then you need to google the turtle trading system. Start from there.
My approach to futures trading is money management. Limit your losses and let your profits run. MONEY MANAGEMENT!!!
Make sure you don't go broke. Make sure your bets have a chance. You will make money. Problem is it takes patience. Most people don't have that kind of patience.
that was very helpful -- thank you for the feedback.
You better read your Graham again
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