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.
5 comments:
KD has always been a must read.
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.
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.
WTF!? I was the one that first sent you link to KD. DYKWTFIA???
such a bad beat...
now, THAT's better
Post a Comment