OT - New Zealand was nice, Japan less so.
What a mess in Japan. Political paralysis, a government
that makes ours look efficient, creeping economic
meltdown, and everyone playing ostrich.
For the first time I saw homeless people in Tokyo!
I've feared this for awhile, but that trip decided it
for me: the international situation will catch up to
us. So a couple weeks ago I got on the phone in
Tokyo and sold almost all of my stocks, including
the remainder of my early $1 GMGC. Even sold
all my MSFT, talk about becoming a bear.
Still have a small GMGC position (the 5k shares I bought last
couple months and am underwater on). Those I will hold, since
I don't see much point in selling at these prices. Everything
else went to cash and bonds.
I remain bullish on GMGC itself, but the macro situation
has like really got me weirded out. And the action of market
since my exit hasn't inspired confidence. Still, I plan on
bottom fishing should we move lower. I hear that the GMGC news
internally is good, but I'm not holding my breath for
any substantial immediate PR. Seems to me that our next
big wave won't come until Oct-Nov, once we are ready to
mass-market Portico (but hope I'm pessimistic, I'd love
my shares to go into the black quickly).
New Zealand - lovely country, nice ski areas, great hot tubs.
And the sushi is still great in Japan.
Sea Otter
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