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June 2010



I just published to Amazon Kindle!

June 26, 2010 – Comments (12)

I know that literally anyone with an internet connection can do that for free, with or without any skill or talent for writing, but I'm pretty pleased with my short story. It's concise, well-written, engaging, and inspirational.  [more]



I've been watching this all morning

June 11, 2010 – Comments (8) | RELATED TICKERS: CRU.DL2 , CIA , L

As soon as it's over I start it again.  [more]



A question for libertarians

June 04, 2010 – Comments (6)

...though anyone is free to chime in if they wish. I have long been tormented by the question of whether a libertarian society (particularly an anarchist one such as I advocate) would be worse at protecting abused and neglected children than the democratic/bureaucratic one we currently have. If there is no government, what if parents start physically or sexually abusing their children? What if parents neglect to feed their infants or toddlers?  [more]



Is Joy Global about to tank really bad?

June 01, 2010 – Comments (13) | RELATED TICKERS: JOY

That question is very near and dear to my heart, since I've sold several puts on them recently, and if it tanks 15% or more in the next 15 days or so, I'm sunk. I thought the premiums were irresistible on the Jun 10 44 puts: more than 2% of strike for options about 13% otm, and that expire in... 17 days! That's a hell of a lot of implied volatility or whatever. If it sheds, say, 10% of its market cap, and it takes 18 long days to do it, I've pocketed the whole premium. Same if it stays level or skyrockets. For it to be unprofitable at the time of expiration, the stock has to be about 13% lower then.   [more]

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