Averaging down

I should have realized that something was fishy when my broker accepted my theoretical $2,470 in G-Bucks and issued me 65 Facebook shares at 38. As mentioned in the comments to my last post, I was expecting to offload them at around 50 for a quick profit. Needless to say, they only briefly hit 45 and have been going down ever since, closing at 28.84 today.

Fortunately my broker is probably still buried in IPO paperwork and hasn't noticed the crudely photoshopped check I sent him, which honestly enough does clearly state that it is drawn on the Bank of G-Bucks.

Even though I have a $595 hole to fill in, I'm thinking of averaging down and purchasing another 65 at these levels. You see, I just remembered that I have some more funds at the Bank of Sklansky.

My roll < $38

The losing sessions continue. Everyone's running into the bottom of my range.

Despite my penury and destitution, I have calculated that I am up $2,470 G-Bucks for the year and will be providing my broker with an audited spreadsheet to this effect, hopefully persuading him to allocate me 65 Facebook shares in tomorrow's IPO.

Grim reminder

Each time I walk through, I can't help but notice that there's another tournament series at the Bellagio. I've sworn off tournaments ever since that fat cunt Joanne eliminated me deep in a $1,000 event at the 2005 Festa al Lago, when I was a 98% favorite on the flop.

Palms opens poker room and sports book

As part of a series of upgrades, a new poker room and sports book opened at the Palms today. Cantor Gaming will operate the hybrid sports book-poker room, the first of its kind in Las Vegas.

"A poker player folds eight or nine hands out of ten," Cantor Gaming CEO Lee Amaitis said. "They can watch the other players, but it gets boring. This way, they can bet on a game."

... and eventually join me at the shelter where it gets even more boring.