Sam Israel is reported to have been arrested early today. Right now I’m trying to find out more details but it appears the news is very fresh off the wires. For those that don’t know, Sam Israel is an ex-fund manager whom defrauded quite a few investors. On his way to jail, he faked his own death in an attempt to skirt jail time. Police weren’t fooled and have been looking for him since. More info as it arrives.
Wednesday, July 2, 2008
Tuesday, July 1, 2008
Daily Update – July 1, 2008
They weren’t kidding when they said markets generally close higher the first day of the 2nd half of the year. I was rather disappointed at the bounce this afternoon. It felt more forced than anything else. In any event, I went ahead and lightened my put positions a bit by selling off a third of the financials I held. I currently have 1 contract of XL and LM remaining. I also sold off a contract from my CY puts. The bounce, while it didn’t feel well, still didn’t leave a great taste in my mouth. If anything, I can always reload tomorrow.
Profits/Losses Today: +$664.00
*** New Account High! ***