Wednesday, 16 January 2008

Taking a punt...going long some S&P 500

Just paid 1382.5 for equivalent of $100/point of S&P, and put a stop-loss on it at 1372.5...that's a notional amount of long $138,250 fyi.

Market seems oversold, Asian markets back up, and JPMorgan CEO is gonna be on the front-page of the journal tomorrow morning as the WSJ speculates the Dimon may be on the hunt for acquisitions - "In terms of buying assets or buying companies, we are very open-minded," Mr. Dimon said in a conference call with analysts.

We'll see. It's just a punt.


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