Hi CobaltBlue; Re: "Give it up."
While I understand that your advice is being given with only the best intentions, I must admit that I am an American patriot and I don't know what "give it up" really means. I always fight to the death.
And anyway, now is hardly the time to be throwing in the towel. The president just made such a mumble of the SOTU address that den Beste was stunned. In particular, the President said that we would go for a 2nd UN resolution, which, as far as authorizing force goes, is about as likely as monkeys flying out of my ass.
Meanwhile, the odds of Saddam being out of office on March 31 or June 30, 2003 continue to drop at tradesports.com , this despite my giving you guys notice that if you are convinced that war is 100% probable, you have an opportunity to make an incredible profit. Now the profit that you can make is getting even larger, but still no posts from neocons bragging about how much money they're going to make when Saddam is deposed (or retires or has a heart attack or anything else).
The trades for the March 31st expiration date got down to 29% today. The lowest it's ever been was 26% (last November), while the highest was 63%. In other words, the war side has already lost 2/3 of its chances for war before March 31. Similarly, the June 30 contract traded at 65% today, well below its peak of 83% back in September.
That March 31 contract now has 1371 contracts available at .37 or lower (average price .3614). That's a +177% return on your money by March 31. That is an incredible return. It annualizes out to 44,300% per year, but still no takers.
-- Carl |
