Take Some Profits Now

Sept. 15 2008

Lehman is gone.
Merrill sold to Bank of America, for a song.
AIG in big trouble.
Washington Mutual about to tip over.

This is a good time to take some profits on your long maturity put options.
If you have followed our advice you are holding some put options with long maturity times, January 2009/2010.
The value of put options is driven by fear, and now the fear is peaking.
Fear peaks as no one really knows how this will be resolved, uncertainty.
Things will eventually be clearer and calm down again.
Start taking some profits on your put options now by careful selling.

Oslo. Norway. Sept 15. 2008 Hans Lysglimt

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