Powerball up to 1.4 Billion

2:30 Update

Monday we went 1-1 on our plays losing our NHL play on Buffalo 2-1 and winning our college football play on Clemson +7. That broke my winning streak at 5 so am now 6-1-1 the last 3 days.

Not a lot of games tonight but so far there are quite a few that have the potential for plays. So might just be a busy night.

Subscribers I will be sending out plays tonight shortly before game time. If your not a subscriber just hit the paypal button and jump on board. You will be joining the finest handicapping service available. Not only do you get plays but also setups and access to me during the day for questions about handicapping or any matchup your considering. A Bargain compared to other services.

Hope to see you on board!

RickJ

I have to say that is an impressive number. But do you have a positive EV? To make a long story short 2.3 Billion is the cutoff. So only 1 billion more to go:)

To put it in perspective:

“if you drive to the store to buy your Powerball ticket, your chance of being killed (or killing someone else) is about 10 times greater than the chance that you will win the Powerball Jackpot.”

or

: if you “played” Russian Roulette 100 times per day every day for 79 years with Powerball Jackpot odds, you would have better than a 99% chance of surviving.”

And finally:

“if you buy 1,000 tickets, your chance of winning a $50,000 or larger prize is less than 0.12 %.”

Now the odds are even worse if you were buying a lotto ticket put out by the state of Illinois. They have been slow to no pay to lotto winners! They cannot even keep from spending the prize pool. Nothing like politicians to screw up a sure thing:)

For the long version on the powerball odds:

http://www.durangobill.com/PowerballOdds.html

So after digressing a bit this morning we have a surprise with the market gaping up almost 1% an hour before the open. Will it hold today?

You will have to wait to listen to see what Stanley Fischer says. That is the fed’s chance today to derail the rally. I am not sure the time he talks today but when you see the market dive 100 pts in 60 seconds you will know the reason today.

But lets enjoy the market being positive while we can. The general consensus is we are heading lower. I find it hard to argue with that except that the general consensus is mostly on the wrong side. So we will just have to wait and see.

If you think your off to a tough start for the new year in trading consider this:

Ackman’s largest holdings

QSR -15%
VRX -15.2%
PAH -31%
ZTS -7%
APD -8%

Icahn’s holdings

LNG -8%
AAPL -6%
FCX -36%
PYPL -8%
HLF -6%
FDML -18%
HTZ -19%

Einhorn’s Greenlight

AAPL -6%
MU -11%
KORS -7%
SUNE -34%
DDS -4.7%
CNX -12%
GM -11%
TWX +8%
CBI -7.5%
GRMN -10.3%

And thats just for the 1st week of trading!!! These are some of the top hedge fund managers. Not a pretty picture.

I am long a small portfolio of stocks and some swing trades both long and short right now. Including some mean reversion trades. I stick to my plan as it requires once I make a trade very little guess work. My exits are all defined so that my mind cannot sabotage my trading. Of course being human there is always that possibility:)

If you want to follow my swing trades just send an invite to RICKJSWINGS for a two week free trial.

For those of you whose trial is running out you can sign up for 24$ a month through Paypal. Just send to my email address: [email protected]

RickJ
Rickjshandicappingpicks.com
twitter: rickjsportplays
Twitter: rickjswingtrade
Private Twitter: Rickjswings ( send me an email for a 2week free trial)
Private Twitter: Rick_sports

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