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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (30626)	5/24/2005 12:28:48 AM
From: mishedlo	Respond to of 116555

You always said rates had to back down in the UK even though all the UK news said the opposite. You were early in your opinion and rates rose. Now your analysis is all correct. Hope you didn't get whacked bad on the euro etc. Funny how the establishment is a little slower on the uptake. Great thread. pb. Thanks pb Time to set the record straight I had huge profits on futures. I sold them for a pittance profit when I could not take chances for further declines. I held all of my calls. I was 50% ahead on them months ago but did not take it. A few weeks ago when it seemed the UK would hike I went from +50% to -65%. That is an enormous swing. I am still holding those calls and am now solidly back in the green, the ATM set at the best price yet, but due to time decay the bigger OOTM set far less so. That said all my options are in the green. Had I taken the 50% and re-enetered at the most recent lows, I would be in 7th heaven now. On the first cut (hopefully soon) I will sell some higher priced calls and attempt to get all my money out into a no loss situation with chances for huge gains on further cuts. My calls are June 2006 and Sep 2006. One advantage of playing that far out is you have a lot of time to be correct. Had I played closer in I would not have had a chance. Mish