Hi Mact, I am convinced about my longterm (2-3 year) target of Yen 800k for sftbf, but I need to be careful to not lose the game. To put things in context, my current 9984 holdings amount to the value of a fair sized ranch in Maui. I simply needed to lighten up on my largest single position so as to either (1) buy sftbf at lower prices, or (2) buy more massively into VerticalNet, ICGE, Ariba, Yahoo the next time around, or (3) reserve against potential liability on China Telecom Puts and Visio Puts.
My actions are dictated purely by my twin needs of safety and action. I need to keep >50% in cash/bonds as I need safety, and I need to trade else I am not fully enjoying the game (I keep using this word as I live it). Remember, I thrived during the Asian financial meltdown by (1) quick footed dancing between markets as they tanked and bopped, (2) ability to take risks when others were not in a position to, and finally (3) ability to call on leverage when leverage were generally not available. |
