The problem with "Pretend and Extend" is that each time the cost of Pretend goes up, and the time period of extend goes down. The Euro must hold $1.29 or the Wolfpack wins the day. The Firm (1993 movie) announced today that it did not have a losing day in trading last month. The Wolfpack remains in control.
Jim
Absolutely right! Unfortunately, the elation generated from short-term profits often short circuits the discipline necessary to remember it.
Eric
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