I have a school project I need to complete with my daughter and a cub scouts dinner to attend with my son. So I will be tied up tonight.. no curtain raiser.
Today was a whipsaw-ish day in the market but that's what happens approaching quad witch in a nervous market atmosphere. I was distracted this morning with my Bidu trading and should have paid more attention to what was going on with LEH. I sold 7/8's of the position at $1.60 during the early afternoon and then the remainder at .50 which is a testament to the swings in the market today and me bungling the trade. I should have dumped the position this morning when the stock fell to the $68.10 level, but shoulda, woulda, coulda. The real victory was in the BIDU puts.
Incidentally, after I blogged about HRB this afternoon, I noticed that Dr. Jon at Optionmonster.com made an insightful post about H&R Block as well. So I'm in good, make that extremely good company, about my suspicions surrounding that small charge taken last night by HRB. 1+1 is not equaling 2 in Kansas City and that has my attention. Again, old Henry Bloch is still alive, can you imagine how that guy must feel to see his company on the precipice?