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Tuesday, March 13, 2007

AGAINST ALL ODDS...

The "norm" would be an all out grab your balls and hit the court massive short covering rally prior to option's expiration Friday.

So I wouldn't be surprised if the markets reverse tomorrow Against All Odds*.

*John Henry winner of the inaugural Arlington million Stakes.........

There's a bronze statue called "Against All Odds" created by Edwin Bugucki that stands on a balcony overlooking the paddock at Arlington Park. It commemorates one of John Henry's most thrilling, as well as his most controversial, finishes. It was the inaugural Arlington Million and two horses, John and an Irish 5 year-old named The Bart, came sweeping home almost as one horse. Virtually everyone watching, including the racing judges, was sure The Bart had beaten a charging John Henry who was closing relentlessly, sure that the finish line would come too soon for John to catch up. Everyone was wrong. John won, not by a nose, but a lip.


(A little background)
John Henry was sold as a yearling for $1,100 at the Keeneland January Mixed sale to Jean Calloway who is credited with giving John Henry his name. Besides being back at the knee (a flaw in conformation that generally makes a long racing career unlikely), undersized, and plainly bred, John Henry had bashed his head in his stall just before being led to the ring, bloodying his face. Needless to say, he was not an attractive prospect. From there, he was shuffled around through a series trainers, making his mark as a workmanlike racehorse who earned money in minor stakes, allowance races, and mid-level claiming races. One such allowance race took place at Saratoga Race Course on August 8, 1978. The race is of note in that John Henry finished behind Darby Creek Road who won in a track record time of 1:20 2/5 for 7 furlongs. Also of note was the fact that unknown to all attending that day, the race card featured two future Hall of Fame horses. At that point, John Henry was a nobody, but later on the card the great Affirmed scored a heart stopping victory in the Jim Dandy Stakes over the speedy Sensitive Prince.




A rally may or may not happen this week but I think I will keep my buy list nearby..........


Good luck trading...

00K


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