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HGTrader

Registered: May 2004
Posts: 189

11-21-08 02:30 AM

In Russia, you don't play the market, the market plays you.

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tu160

Registered: Jul 2008
Posts: 1

11-21-08 03:32 AM

Quote from GermanTrader:

I have met hundred of Russians, and I have yet to meet one worthy of friendship and trust. Maybe it's just cultural, and maybe they feel the same way about westerners, but that is my experience.

Repeat, let Russia die.

have you managed to survive Stalingrad? amazing )))

ps
verpissen dich

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HLB

Registered: Sep 2003
Posts: 184

11-21-08 11:31 AM

I'll be going long RSX calls when it will reach Sep 1998 levels (Russia's default).
What I don't get is: till recently Russia wasn't correlated with the oil or US equities and now it's correlated.
Damn Putin started war in Georgia to spike oil prices, but it didn't help.

HLB

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zdreg

Registered: Oct 2003
Posts: 8330

11-21-08 11:47 AM

Quote from HGTrader:

In Russia, you don't play the market, the market plays you.

have you invested directly in the russian market?
if yes answer please explain how.

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Kicking

Registered: Jun 2001
Posts: 2913

11-21-08 11:59 AM

I invested a small portion of my funds in a Eastern European fund heavily weighted in Russian stocks. It's been decimated.
I had great hopes for the future of the former eastern block countries and the relative strength up until summer was a good sign . I didn't have a clue. Lesson: don't invest on funnymentals and personal beliefs. I also got long MTL and rode it from the 50's to 5 , there's never been a decent pullback to sell . Since I am not completely stupid it was less than 3% of portfolio and I reduced after the Putin episode.

I guess I will never touch anything Russian again unless it's a lady or a gun.... even if I know only the gun is to be trusted.

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gaj

Registered: Dec 2001
Posts: 1598

11-21-08 12:04 PM

Quote from zdreg:

have you invested directly in the russian market?
if yes answer please explain how.

if i'm reading correctly, that was a take-off on yakov smirnov's jokes..

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