Hurricane Stocks

[Deewar25]

thanks for that...I'm sure most want to disagree when I'm negative here and I'm not trying to crap on the parade, but at the same time, its my nature to be logical and argue both ways - not to scream that the forecasters must be wrong and its going to swing back east again as a cat 5 and destroy everything! That's just wishful (and sadistic) thinking as a trader. I haven't had a losing trade on the hurricane plays since Katrina and that can be verified on my old trader group message board...greed kills, and so does wishful thinking.

I pulled out of both WEGI and IPII on Friday because of the slide south eliminating the immediate Florida threat - I figured plenty of time to get back in if the gulf becomes high risk again...it was a worthwhile gamble, because Texas is really crap for making money off these (I did make one point on PHHM when Dolly hit, but that was it).

We all want to make money, but don't throw logic out the window.