SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Art of Investing
PICK 52.34+1.6%Dec 26 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Greg S. who wrote (846)1/26/2000 6:23:00 PM
From: Michael G. Potter  Read Replies (2) of 10713
 
OT - Blackjack

The problem with shorting a stock that has gone up 800% is that it could go up another 25% or so and your margin call can wipe you out. I have an odds calculator somewhere for BJ, I'm sure the risk of losing was around 10%-15%.

Great news that he won, but very risky for investing or blackjack.

Michael

ps - many of the places I've played won't allow mid-shoe entry for the 1 or 2 deck games.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext