Kudos to MMs

Quote from nitro:

SPX, 1308.56. FV, 1168.63. OFV, 1309. POFVF, 1513.88
More...

POFVF says "Look at me, you cannot defeat me. I am predicting a massive bull market". FV says "Look at me, I predict a massive market correction.".

Surprisingly, the same guy produces both numbers. He's nailing the future SPX within 340 points. In other news, Nitro is predicting the Super Bowl. Its either the Patriots by 30 points or the Giants by 26 points. He's predicting both.
 
S SPX 1321.20.

<table border="1">
<tr>
<th>Date</th>
<th>Action</th>
<th>Price</th>
<th>Units</th>
<th>PnL</th>
</tr>
<tr>
<td>Dec 20, 2011</td>
<td>Sell to Open SPX</td>
<td>1229.89</td>
<td>2</td>
<td>Open</td>
</tr>
<td>Jan 11, 2012</td>
<td>Sell to Open SPX</td>
<td>1288.60</td>
<td>1</td>
<td>Open</td>
</tr>
<td>Jan 25, 2012</td>
<td>Sell to Open SPX</td>
<td>1321.20</td>
<td>1</td>
<td>Open</td>
</tr>
</table>
 
Quote from nitro:

S SPX 1321.20.
More...
Interesting, previously three units was considered the maximum position you would take, now you are short four.

I guess if you can let a position go 100 points against you and you can keep averaging down as much as you want sooner or later you will hit break even but neither is realistic for someone trading with real money.
 
Q: What is 2 hunderd fiddy points underwater between friends?

A: A submarine...

For those who can't stand the pain and see Nitro selfdestruct, here is a pic to brighten your day:

1.jpeg
 
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