Yes GK, I have a problem, I VERY much dislike insurance companies. Basically in the 70's and 80's they took my dad for a ride especially with life insurance he went bankrupt twice (I must have his "gung ho genes" and we never saw any money but plenty of people lived off the proceeds 25% in SA for 20 years thereafter.
So probably not good for me shorting insurance companies I feel they are COMPLETE (see remember your capital letter story - emphasis) parasites contribute nothing to society.
I have NO car No house No life and basically NO insurance.
Best I leave insurance companies alone. But on that note as they say buy on rumour sell on fact so my short this morning on Sun helped the pain!
So BOTh my CSL and SUN shorts this morning are in black (although down on SUN +++). CSL is beautiful perfect time to add to my shorts, I have been waiting as people are doing buy on the Small falls I am selling on the big rises (NOT buying the falls)..
I really feel today is the day to take your position either long or short.
I am short NO margin calls either but my funds have dropped 25 G since Fri (have taken money off gambling table).
Good luck to us all.
