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

To: patron_anejo_por_favor who wrote (35450)	8/16/2005 2:58:13 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Raul Mercado loves his 2002 eight-cylinder silver Mustang convertible but hates the high cost of operating it. As gas prices hit record highs in recent weeks, the security guard has been shelling out $40 each time he fills the tank. Victor Fernandez, 58, a Long Beach security guard who makes a 150-mile round trip commute daily, said he hasn't changed his habits. To save money, he bikes or walks to the beach instead of driving, switched from high-grade to medium-grade gasoline and forgoes big-chain gas stations for independents that offer lower prices. [In the meantime he has a seat at the world series of poker and plans on going all in early and often. When I win, I can afford three hummers he said] .... "I need my car," he said of his 1999 Chevy Blazer. "Public transportation is too slow for me … I don't stop my usual things. It's just that gas needs to go down." tinyurl.com

To: patron_anejo_por_favor who wrote (35450)	8/16/2005 3:06:02 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

How stupid the guy with rolled up kings was depends on what came on 4th and 5th street. If the guy hits 2 low cards, then yeah, he was an idiot. If he filled up along the way and the other guy missed his draw, then no, he wasn't an idiot. I don't think he had anywhere near the advantage that he thought, but OTOH, that doesn't mean he shoulda chucked the hand from the start either. I could not disagree more. He was stupid to get involved in a two way game risking $3000 to win $100. I do not care what happend on the 4th and 5th cards. It was a two way hand from the first bet and raise before the 4th card was dealt. In short he had everything to lose and nothing to gain. When he was raised $500 and everyone else dropped, the hand was over. It would have been smart to toss it right there on a risk reward basis IMO even if the odds were big that he would split. In fact, betting the initial $500 was a mistake IMO. I bet KT agrees. BTW before the 4th card was flipped I actually said to myself this guy has three kings and he is going to regret it. I sensed the outcome of the hand and had to wait for 4 more cards to see it. Mish