Sunday, February 15, 2009

Short on a Sweet Deal

Bailout is a new wine from Crushpad out in San Francisco.
Am/Mex bought a bottle last week because we believe in the wine and because of a unique sales pitch that grabbed us by the grapes. They're letting short sellers like ourselves bet that the Dow will go to hell in the next 6 months, and if it does, we get a rebate on the cost of the wine. Here's the rub... on the day we bought our bottle of Bailout, the Dow closed at 7936.75. For every 100 points the Dow falls between last week's purchase date and August 14, 2009 -- when it is bottled -- Crushpad will send us $2. That may not sound like a lot but wait... in these dire times who would bet on the Dow? This gives us a chance to balance our 401K losses with a gain on a nice bottle of wine. Am/Mex will drink to those small victories. We'll keep you posted on how it all turns out.

No comments: