Tuesday, October 21, 2008
Mark Cuban, Trader
Apparently, Mark Cuban got LONG the market on October 8th. Here's his call - I'm Going Long Right Now.
He's posted his *buy alert* at 1:06pm, I am guessing he got long with the Dow roughly around 9,400.
From my prior post you can see what happened the very next day:
Looks like he bought some dividend players (energy?) and shorted puts on the Dow.
Ouch. Or should I say "early".
He says he covered his puts and didn't get hurt (how?).
I don't mean to suggest this guy is stupid with his money - it's quite the contrary.
The Dow closed at 9,034 today.