Instant Losers

Welp . . . I mean well, the bottom fell out today. I am the first to admit when I'm wrong (i.e. I called the bottom after October 10th). But give up? Never!

It looks like tomorrow I will buy GE, RIO, and EWZ, as put options are set to expire against me, and I will pay more for those shares than what they are bringing on the exchanges. Instant losers. Is there a book title in there?

I'm not too worried though, because my position sizes are appropriate for the current market conditions. But there is still the possibility that they could go to zero, which I would hate to see, as the positions do represent about 10%of my portfolio. Maybe it's time to cut the losses, close up shop, and stay in cash until I'm the only person left on earth with any money.

Did I say I wasn't a quitter? Hmm, maybe I'll reevaluate that one, because first and foremost I want to be a laster.