Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: pezz who wrote (42493)	12/5/2003 6:17:38 AM
From: TobagoJack	of 74559

Hello Pezz, Report: I sold the totality (two dollops each) of my South Africa traded Gold Fields at ZAR 81.60/shr, and South Africa traded Harmony at ZAR 94.51/shr. I did so because I want to free up capacity for energy without upping my allocation to equity by too much. These shares were purchased on June 19th, 2002, before the time I got in the habit of posting to my zigs and zags. Anyhow, I have a capital loss in ZAR terms of 31% (after accounting for dividend received) and a capital gain on currency of 41%, and magically, I only lost 2.96% ;0/ So strange. Chugs, Jay P.S. Here is the tally: I bought Gold Field for ZAR 128/shr and Harmony for ZAR 140/shr. The after-dividend ZAR cost basis for GFI and HMY is ZAR 123/shr and ZAR 133/shr respectively. During this holding period, ZAR appreciated against the USD by 41% (6.21 now vs 8.76 at time when I converted USD to ZAR).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next