Advanta Files For Bankruptcy
Advanta the credit card issuer to so many small businesses filed for bankruptcy last Sunday. Advanta claims the recession caused so many of it’s customers to default. The question is ,What makes the other credit companies any different? Will there be other credit card companies going bankrupt? Putting everything into context Advanta has approx $2.7 Billion dollars of receivables floating out to approx 360,000 customers.
Time will tell …but it is so hard to comprehend with raising unemployment…foreclosures…and now a credit company going bankrupt that all is well and we are on the way to a recovery. Regardless…Trend followers will make money in any economic situation when either up trends or down trends exist. Actually in a crisis as in last year trend following commodity traders out performed all other investment vehicles ….as well as have full liquidity…transparency and are highly regulated.
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Andrew Abraham
A.Abraham@AngusJackson.com
www.AJpartnersinc.com
www.myinvestorsplace.com
Futures trading involves risk. People can and do lose money

My name in Andrew Abraham. I have been investing in commodities and managed futures since 1994. I am a commodity trading advisor/co manager of a commodity pool who adheres to the philosophy of trend following.
Trend following stresses a disciplined approach to commodity/ futures trading. Successful trend following and commodity futures investing requires patience, discipline and actively managing the risk. What sets us apart from other Commodity trading advisors and commodity pools is that we are not only concerned about the return on investment but how much risk you will have to tolerate to achieve your goals.

























































































