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Realtraders,
A fellow trader points out to me that if you buy a HK mutual fund they
will allow you to purchase it as of the close of YESTERDAY. So, when the
DJ rallies as it did yesterday you can move in and buy HK on the close
of a day it was down 14%.
Result: I heard it is up 13%, voila! instant 13% gain.
Possible risks to this strategy: 1. obviously you can't be sure it will
be up. 2. the mutual fund guys will get mad at you and impose heavy
redemption fees.
Comments?
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