Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.
Oh how I love the 'sink the crowded boat' trade. The boat was crowded on the short side of GBP at 1.35$/£ and 0.94-0.95 £/€ (now 1.415 and 0.9300 respecively); the boat was crowded on the short side of SPI at 3350-3300 (hit 3448 overnight)... and today the boat is well crowded in Crude at prices at and under $42: so are you shocked to learn that this morning I bought Crude at $42.07? Crude shorts are such hacks... let's take a couple hunjie off them (so exit at $42.48 to take the hunjies, cover fees and declare selves winners).
Although the long SPI call was a pearler, I now have to confess to having deprived myself of pretty much the entire gain as a result of a stupid keying error... as Mav would say, an 'unforced error'. That won't happen again.
Back later with todays USRant...
