econwizard: Dodged a Bullet?

About Me

Location: Massachusetts, United States

My "I" is constantly changing (perhaps this is merely AD/HD): overdetermined nexus of cultural forces emanating from several continents: skeptical of all Truths and seeker of the truth: iconoclast by enculturation, brain chemistry, and, perhaps, choice: perpetually perplexed, particularly about why we exist/ as the manifestation of overdetermined forces whose existence (and nature) is not as solid (or simplistic) as we would like.

Thursday, October 13, 2005

Dodged a Bullet?

Tried to buy Refco at a limit of $9.90 but the trade didn't execute. I was planning to couple a long position in the stock with a purchase of Refco May 2006 puts. Trading was halted before I could get my hands on either one. This is an interesting case, nevertheless. Either the company will get financing and pull out of this mess (created, it would seem, by criminal behavior) or my decision to start taking a long position in stocks may turn out to be a mistake. If Refco dies, it WILL have repercussions in the larger market, despite (or because of) all the protestations to the contrary.