I made an earlier post on this thread without reading storms starting post. Let's be careful here! I traded thru the Poseidon nickel boom and survived by the skin of my teeth.
No screens then...total reliance on your broker, buying on credit and settlement in a fortnight.It was risky...My broker went bankrupt the day after I went in to get my last settlement cheque. Two days later he suicided....Traders from away back then will know who it was!! Within months the market began to recover...as it has since...I was in the market @ S11 with of course no warning....and my finances were rightfully and totally irrelevant as a consequence . The market recovered..and it will again.....but for those who maybe overstretched into the booming resource ...remember India, China, South America, Eastern Europe will not be stopped by the mismanagement of the American economy and its foreign policy .This is a period of transition...Look for opportunities!! It will turn.
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