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Re: Dutch1 post# 35908

Friday, 09/20/2013 2:13:24 PM

Friday, September 20, 2013 2:13:24 PM

Post# of 52845
As you know I got out three months ago. In the last week I bought a small hedge position of 2.5 million shares. I determined that "something" that was virtually impossible earlier has now become just unlikely. This increase in likelihood from non-existent to barely measurable caused make to take this small hedge -- just in case. The cost benefit equation shifted that decision tree. There is only one "something", that if it happened tomorrow, would cause this stock to immediately, and most importantly, permanently jump. After all my years here the hedge was to prevent missing that small likelihood. If you have been reading, watching, and around long-enough, you know what that "something" is. By the way, it is not a SJ, or settlement -- the latter still virtually impossible in my judgement.

None of this changes my view of the short and long term in terms of high likelihoods.