Mar

9

 There has been much guitar news in the financial world of late, one good, one bad. Fender is planning an IPO in the near future and Gibson was recently raided by feds under the Lacey act for breaking imports rules. Though never charged with anything, this will still hurt Gibson production. I've owned at least one Fender since I was 16 years old, but not a Gibson, though I have always wanted a Les Paul. With respective production issues Fender guitars will pro ably go down in value and Gibson up. Given I am long one 1970 Fender Stratocaster and short one unbought Gibson Les Paul, the spread will widen against me. The only sensible trade is to cover the short side and buy a Les Paul at the next opportunity. This way I can play my Texas blues along with my Texas hedge.


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