Tuesday, August 25, 2015

Goodbye Macau

Any thoughts I had entertained of playing in high-limit Macau cash games were quickly laid to rest today with the continuing plunge of the Chinese stock market.

Several months ago I invested my bankroll in some speculative Shanghai high-fliers, but committed the cardinal sin of being over-leveraged. So not only am I busto (once again), but am facing margin calls to the tune of several 2/5 buy-ins.

I have spent the last 6 hours lying prostrate in front of the Buddha statue at the Aria, praying fervently for the speedy recovery of the Shanghai Composite Index.


Pete P. Peters said...

Stay strong, sir. Patience will be rewarded. And, as a homeless gentlemen, you have the benefit of low living costs. Just ride this out, and wait for the mass market surge.

lightning36 said...

Perhaps now the cost of Chinese food will decrease to the point where you can panhandle money for lunch in only an hour or so. Sounds like a win for you!

Memphis MOJO said...

Sorry to hear the bad news. Stay the course. The market is like poker -- the long view is best.

Mr Subliminal said...

Thanks for the encouragement. After a record 28 hours in the prone position, Aria security finally kicked me out.