Crazy Economist Defies Gravity and Generates Infinite Returns!

"You should buy Lubrizol. It's in my Hedge Fund Trader....."

The Skousen Hedge Fund Trader (www.markskousen.com) may now hold the world’s record for best return in one day:  9,100%!  When Warren Buffett announced Monday morning that Berkshire Hathaway bought out chemical company Lubrizol (LZ) for $135 a share, our March $120 call options went from 15 cents to $13.80 almost immediately.
If you annualize it, the calculator can’t handle it; it says the return is “infinite”!

Here’s the full story:  We recommended Lubrizol last October, and were underwater on both the stock and the call options.  The stock was down 7%, and the March $120 calls had lost 97% of their value when Buffett bailed us out.  Subscribers who initially bought back in October made 20% on the stock, and 150% on the calls.  Not bad.

I don’t know if any subscribers bought the March calls (which were due to expire this Friday!) for 15 cents a week before, but if they did, they made 9,100% in one day!

Cheers, AEIOU,
MSkousen

Comments

  1. Donald L. Anderson says

    I sign up for the Hedge Fund Trader today and inadvertently mistyped my address. The correct address is 434 5th avenue North, Sartell, MN 56377. Please contact me andmake the necessary correction. Thank you.

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