Time To Load Up On Bank Puts? The Futile Attempt To Make The Insolvent Appear Solvent By Interefering With Market Pricing - Short Ban Has Started Featured
Tweet me! Let's see hear... It didn't work during the last market crash. Actually, I don't think there was ever a time when it DID work. Nevertheless, let's try it anyway. You can't sell insolvent companies short! As anticipated last week in our post Didn't Anyone Notice The Seemingly Irreparable Damage To The Eurozone Last Week? Global Short Ban, Here We Come!
If you search the archives of my site, you will find that I made a small fortune off of the spike in the value of my puts as the short ban had several unintended (for those who never bothered to think it through) consequences. Of course, once the ban was lifted, the once protected financial institutions were summarily MASSACRED! Enriching the very same short sellers that were sought to keep at bay. See:
My initial analytical take on what we know so far of the "Man's" Master Plan September 2008
I am now targeting US banks in coordination with the Europeans. My analysts have jumped into the lab as of last night, Asian time. To all of my subscribers, prepare for a wild rolleroaster ride that will make 2008 look tame in comparison. Get ready, get set, ADAPT!!!!
Reference my Twitter stream for this morning as the markets start to tank once again...
ReggieMiddleton: All wide trailing stops are still in place, allowing me (barring a violent gap up) a guaranteed 300% on the SPX, although it was 800%.
ReggieMiddleton:Nearly all of them are better traders than I, but instead of selling vol, I'm buying further up the ladder of risk at cheaper prices.
ReggieMiddleton: I'm taking this rally & reduced volatility to allow some of my stingily priced OTM put bids to get hit in contravention to BBB traders
ReggieMiddleton
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