Some people seem to make the big bucks in their spare time while vigorously pursuing extracurricular activities. I have a tough time finding a day to go skiing.8 days ago I wrote that the New York Times is 'a lying, treacherous, cowardly thing' and placed a long spread bet on its stock at $14.30. The stock's up 13% so I'm letting the bet run. The timing was pure luck really, but I fantasize there's some fingerspitzengefühl to it. In the spirit of voodoo economics I hereby pre-announce that tomorrow's earnings report for the NYT group will contain a positive surprise to boost the stock towards $20, where I'll close the position. Of course I thought Florida would do that for Romney. Ay caramba! I'll report back tomorrow.
January 30, 2008
Mick wonders sometimes what he's doing wrong: ..