Last night I saw the new movie that’s just out called “21″. It’s based in the book “Bringing Down the House” by Ben Mezrich, about the MIT Blackjack Team of students that made millions in Las Vegas by card-counting and role-playing.
What they did was use a very simple counting system to determine when the rest of [...]
March 29, 2008
Blackjack and Commitments of Traders
March 29, 2008
Trading update #22; 28MAR08 … finishing touches
Today’s trading was all about putting in the finishing touches on the REAP portfolio. Basically the objective was to add two more commodity short ETFs (grains and natural gas), and two stock index short ETFs (S&P500 and NASDAQ). To do this I liquidated the Rochester Medical and Q-Logic positions, and chipped off bits of some other existing [...]
