taking stock, page-3

That's not a bad strategy. I took a big hit but have since been shorting stocks that has allowed me modest profits to counteract my fallen Arc holding.

History shows that a fall like this heralds a decline in the economy so everything will be affected, the higher price of money and risk will slow profits and demand across the board. I just spoke to a lady whose son had just concluded a Rams home loan and already faced an interest increase over and above the new rate. It's real and going to affect all of us.

One of the few things that is holding it's value, so far is oil, let's hope it stays that way and that there are enough investors on the sidelines to cause a a sharp rally in Arc over the next couple of weeks. Yemen should have spudded as well. The other consideration is there are some cashed up oil co's who could take out a big chunk of Arc with petty cash at these prices if they were that way inclined, BPT & AZA for instance.