redbacka's - the last shorts - tuesday, page-103

Firstly: A 0.01cent stop loss is ludicrous.

Secondly: For a chap who finds it too risky to short, playing in the penny dreadfuls (lets call it 3 cents, as I don't know the real stock/figure/situation) for a million shares (30k) may seem like small beer for some, but 30k is a good sized bank to go short the market with LESS risk than sinking it into a 3 cent share.

Thirdly: The only way Martis would have made money in 07/08 is if he was long all the way into Christmas, and shorted on the day Rio Tinto was the subject of an inquiry for a takeover by BHP. And shorted all the way through 2008. In spite of sovereign funds from Abu Dhabi, United Arab Emirates, Singapore and Qatar sinking billions and billions of dollars on the way down.

Possible, but highly unlikely.

No insults meant, but people on this forum tend to take the confident words of others as gospel, and I feel some "keeping it real" needs to appear once in a while.

And yes pisces: Still short. Like a smurf.

4 Dax, 5 SPX, 2 Foot, 3 CAC lots (not contracts)

Moola: Oppies are a little hard, vol has certainly spiked, but I would be a seller of vol in the form of a put spread this close to expiry. From memory, your oppies all expire next week?