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Speaking of that Soros interview on CNBC.....
did anyone catch that statement by the master regarding his exit technique ?
It was stated as:
20% of the highest-lowest position's realized price subtracted from the
highest (or best) position price.
So buy at 30, goes to 28, then moves to 40,
he would be "out" at 40 - 20/100 * 12
37.6 would be his stop price.
Anyone think this merits some backtesting ?
> -----Original Message-----
> From: Ed Larson [mailto:edwardlarson@xxxxxxxxx]
> Sent: Tuesday, September 17, 2002 10:39 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] GEN: U.S. ECONOMY: INFLATION OR DEFLATION?
>
>
> I believe what Soros said was, as Ben mentioned, is that he feels
> the dollar
> will go down by 30% over the next 1 - 3 years. He did not
> indicate that the
> Euro and Yen would rise by 30%, although if they stay static that
> is roughly
> what would be implied. He did indicate that Euro and Yen would benefit as
> European and Japanese investors liquidate dollars and brought them home;
> however, he indicated that this was not a "Good" thing from a world
> financial system perspective as those economies are even weaker
> than the US.
> He was not constructive on the Yen and Euro; except for the support that
> repatriation would provide. He seemed to imply gold may benefit, but he
> played it tight to the vest as far as what he may be positioning
> himself in.
> He also mentioned the developing real estate bubble in the US.
>
> FWIW
>
> All my best,
>
> Ed
>
> ----- Original Message -----
> From: "tradewynne" <tradewynne@xxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, September 17, 2002 10:02 AM
> Subject: Re: [RT] GEN: U.S. ECONOMY: INFLATION OR DEFLATION?
>
>
> > --- In realtraders@xxxx, Daniel Goncharoff <thegonch@xxxx> wrote:
> > > Did he explain why
> >
> > "Fear."
> >
> >
> > he thought the euro and yen would go up 30% v the
> > > dollar? Because I can't see anything in those economies that would
> > > justify it. In fact, it would crush them as things stand now.
> > >
> > > Regards
> > > DanG
> > >
> > > profitok wrote:
> > > >
> > > > Did you hear what Soros had to say last night to Maria B on cnbc?
> > > > He feels us dollar to go down another 30% in 1-3 years!!
> > > > ----- Original Message -----
> > > > From: "Charles Meyer" <chaze@xxxx>
> > > > To: <realtraders@xxxx>
> > > > Sent: Tuesday, September 17, 2002 8:18 AM
> > > > Subject: Re: [RT] GEN: U.S. ECONOMY: INFLATION OR DEFLATION?
> > > >
> > > > > Dan-
> > > > >
> > > > > Thanks for your feedback. Although it was excruciatingly
> > difficult to
> > > > wade
> > > > > through that piece;
> > > > > I thought it to be a serious and worthwhile read; especially for
> > > > investors.
> > > > > I also got the impression that he was not in fact conclusive
> > with many of
> > > > > his statements and left the reader wondering as to his beliefs
> > about the
> > > > > future of the U.S. economy. Maybe he's thinking that IF the
> > deflationary
> > > > > forces get out of hand--the FED would pull out all stops as the
> > lender of
> > > > > last resort and these
> > > > > mechanisms could lead to meaningful inflation.
> > > > >
> > > > > Many thanks again for your feedback. Reading this one really
> > made my head
> > > > > hurt.<g>
> > > > >
> > > > > chas
> > > > >
> > > > > ---- Original Message -----
> > > > > From: Daniel Goncharoff <thegonch@xxxx>
> > > > > To: <realtraders@xxxx>
> > > > > Sent: Tuesday, September 17, 2002 3:04 AM
> > > > > Subject: Re: [RT] GEN: U.S. ECONOMY: INFLATION OR DEFLATION?
> > > > >
> > > > >
> > > > > > I found it amazingly difficult to identify any declarative
> > sentences in
> > > > > > the article. Liu does say that debt bubbles in the past have
> > frequently
> > > > > > resulted in hyperinflation. Even if you look at the Great
> > Depression,
> > > > > > Germany had hyperinflation. The US had deflation. Liu nowhere
> > suggests
> > > > > > one or the other will happen.
> > > > > >
> > > > > > Regards
> > > > > > DanG
> > > > > >
> > > > > > > Charles Meyer wrote:
> > > > > > >
> > > > > > > Group-
> > > > > > >
> > > > > > > Any thoughts or comments? Isn't Liu suggesting that the
> > ultimate
> > > > > > > problem we may face is
> > > > > > > one of inflation as opposed to deflation?
> > > > > > >
> > > > > > >
> > > > > > > http://www.atimes.com/atimes/Global_Economy/DI14Dj01.html
> > > > > > >
> > > > > > > For an interesting opposing view see:
> > > > > > >
> > > > > > > www.mises.org/fullstory.asp?control=1040
> > > > > > >
> > > > > > > chas
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
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> > > > > realtraders-unsubscribe@xxxx
> > > > >
> > > > >
> > > > >
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> > > > >
> > > >
> > > >
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> > > >
> > > >
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