Archive for September, 2008

Short Selling

Posted by Jamie Thom on September 29, 2008
General, Politics, Silliness / 2 Comments

So how easy is it to short sell?

Pretty easy.

1) Watch BBC news to see the result of the vote on the bail out.
2) When news arrives that it has not gone through, log on to Paddy Power.
3) Bet ten pounds the DOW will close below 10566 at 5-6
4) Profit. DOW closes at 10404 10365.45*. Collect £18.33, gain of £8.33

Not bad for ten minutes of no work.

* The DOW was even lower after wrap up calculations.