#31
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Re: $1.4 Million Day
Jesus, for those who don't get it:
Wolfy borrowed $2,000,000 from the missus (?), a world famous jelwer. With that money, plus some serious leverage (short term loans from your broker), he short-sold 30-year bonds. To short sell something mean to borrow it from someone, sell it, and at some point later buy it again and give it back. Its the opposite of buying something, in that you make money when the price drops. 30-year bonds closed 1/2 point lower than yesterday, and now wolfy is worth $1.4 mil more than he was yesterday. Alles klar? |
#32
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Re: $1.4 Million Day
Oh, and nice brag.
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#33
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Re: $1.4 Million Day
First sentence in OP is asplosive to heads.
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#34
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Re: $1.4 Million Day
if you go back, I was the first one to commend your Animal avatar in a post. You started a thread about a live NYC hand, I responded saying that I could offer no content, but that the Animal was dope. It was summarily dismissed by other now-bandwagoneers. Run a search, I'll be vindicated-- and ideally rewarded-- for my then-novel kudos.
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#35
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Re: $1.4 Million Day
It seems to me that if the yield dropped .5% then the price should go UP and dude would have lost money buying back bonds with a higher-than-market coupon on them. AMIWRONG?
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#36
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Re: $1.4 Million Day
Please send me $5 on FTP, currently busto. Thanks.
Player ID: Boosted J |
#37
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Re: $1.4 Million Day
Ship a few bucks, to some busted kid who just had a baby with his wife and agreed not to re-deposit again until August 1st.
I will personally write you back with my progress in small single table sit and goes and 2/4 cent omaha pl high games. Writer777 on Pokerstars (Plus, we will name our second child after you.) |
#38
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Re: $1.4 Million Day
optchuns methinks
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#39
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Re: $1.4 Million Day
nh wolfy...i actually live in outback tasmania...ie. Hobart (the capital). Well done on the win, or whatever you would call it
ps. jacbmw2002 on stars is where us tasmanians are at lol |
#40
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Re: $1.4 Million Day
you guys still at the titty bar? tell the strippers to slip out and we can all party in my 1990 nissan sentra. holla
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