Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Friday, December 12, 2008

Wiped out

by Friday I'm usually wiped out, but with what may be a tough pivot point, and all the shaking and shimmering of the market. I'm beat.

Game theory, I keep it running in my head. The game is to pick a number from 0-100, and the person closest to 2/3rds the average, wins.

average number is 50, 2/3rds of that is 33.

so the winner picks 21...

unless they have been trained in game theory, then they hit Zero.

so. rally into jan1 but you want a chair.... so get out before then... but everybody else knows that.

Tons of in the money options, since last expiration was the bottom.....

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