Important golf question

[Bombs]

Golf team:

I need some advice. I just started dabbling with golf a few weeks ago. This week, I bought 100 contracts on the WSEX market before the Colonial on Kenny Perry at a value of 4 (Thanks Stanley).

After Rd. 1, he was up to 11 on the sell price, so I sold 40 of them for 440, covering my original stake.

I still have 60 futures left.

His sell price is 42. I could sell all 60 at 42 to make 2520. I could also let it ride and shoot for the 6000 if Perry wins. I could also wait and possibly sell later.

I realize this is golf, and a lot of stuff can happen, and this could go to the crapper in a hurry.

What would you do with this future??? I probably made a mistake selling the 40 yesterday, but I wanted to at least cover my original stake. I thought it would be like a "free low stress shot". But now that he is ahead, there seems like there is a lot of pressure on me to make the right move.

Help. Please.

Thanks.

 

[Bombs]

Help. Help. Help. Help. Help.

 

[Whalers Rule]

I would sell the rest at 42, 36 holes is a lot of golf left. However Perry is a good front runner so there is a good chance he might win. I always try to look at it as would I bet $2520 on Perry at these odds, probably not. Just my opinion. Any time I have done this I have kept a few shares, and regretted it as this is hard if you want to watch you are sort of hoping you lose to prove yourself right for selling.

 

[Bombs]

An interesting point, Whalers, I guess I have to ask myself if I would wager 2520 to win 3480 at +138 on Mr. Perry.

The answer is most certainly "no".

Then again, I could see this as having a no risk shot on Kenny to win 6000.

Don't get me wrong, this is a good problem to have, but this is one tough problem.

 

[Bombs]

Here's what I did:

I sold 23 of the futures to net myself a guaranteed dime. If Kenny P wins it, I cash the rest of them for 3700.

In the end, I decided I would be more angry if Kenny won and I only made 2500 (thus pissing away 7500 with all these sells) than if Kenny P lost and I only made 1000.

LET'S GO KENNY.

 

[Trampled Underfoot]

I recall picking up 100 shares of Campbell before round 3 at $1 at last years Colonial. He shot 61 in round 3 and took the lead. I had plenty of chances to sell back.....even during round 4 his price was up to about 50-60 or so. Should have sold but I kept thinking no way could Flesh win this thing. He did. I sold a few but not nearly enough to brag about. The market moves incredibly fast near the end. After that incident I use the exact thinking that Whalers mentioned.....would I bet $5K to win another $5K that Campbell would come out ahead of Flesh. No.

 

[Trampled Underfoot]

.........but i'll take $5K on Perry now. :mj07:

 

[DOGS THAT BARK]

Didn't want to sway you one way or another but agree with the others and think you did right thing despite how it looks now.
In fact being conservative would sell remainder @ 10% discount ($90 a share) they had up this morning.
Perry packing a little weight and weird things can happen in 100+ heat index-