Thursday, July 17, 2008

Regulated markets

LJ pointed me to KidDynamite after I mentioned I was gambling on Lehman. Why Kid did not become a must read after Alan pointed me to (late edit) his classic Blowjobs & Mortgages post is beyond me.

I decided yesterday that likely impact of announcement of rules enforcement on short selling stock would lead to a momentary bump up in price of stock and options expiration week offered an opportunity for cheap leverage. Sadly I did not have same level of conviction over this that I had over discount window opening to keep liquid. Already cashed out a small profit and am freerolling other 5 contracts for couple days.

I find it funny that the Goverment never chooses to regulate the market when the bubble develops but wants to regulate later inevitable collapse. I guess because I made a speculative market play I am evil too.

I overplayed 88 to exit Mookie at Final Table bubble. I had two small cashes in $4k and 50-50 but exited Stars 50k early when I picked up KK early, raised big pre (to 400) to try to not give set mining odds to little pairs but went out on 8 high flop that UTG had limp called with 44 hitting set.


Fuel55 said...

KD has always been a must read.

Hammer Player a.k.a Hoyazo said...

Is that picture really called "freerollinghoy.jpg"? Now that's funny.

Too bad you weren't in on the puts a month ago or so with the stock in the upper 30s or low 40s. Now those people made a serious killing if they played their cards right.

Great trade man. Good luck on the rest of the calls.

Bayne_S said...

Got to name the picture something.

Long term puts are tough.
Getting time frame right is toughest aspect.

Already cashed out for 75% gain on small amount of money with the rest in play. I certainly will not let these exercise.

Alan aka RecessRampage said...

WTF!? I was the one that first sent you link to KD. DYKWTFIA???

such a bad beat...

Alan aka RecessRampage said...

now, THAT's better