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The speculators are picking off the weaker members of the ERM tail. There is money to be made if only I knew how. I think there is still scope for a depreciation of the USD/ECU. I completely missed the boat at the 1.48 level.
It is not easy to speculate.
When I am right, it is good judgement, and when I am wrong, it is bad luck.Anon.
That's why Napoleon wanted only generals with good luck.
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