I put on my life vest, as we are now officially out of the home port. I do not worry about how to get back to home. I only need to think about what I am going to do.
(0) Last night I sold off my USA based China Telecom (CHL as opposed to 941 in HK). I like the dual time zone tradeble positions.
(1) Took a look at the galley, and I see ...
9984, SNE, MSFT/VSIO, 50% of original CHL, 50% of original INTC, RTRSY, 50% of original CMCSK, HSBC, MBK, a ML i-net fund that plays the IPOs and has large position in 9984 - and these constitute my 'investments' as opposed to 'speculation'), one encumbered but meaningful position in AMGN, one meaningful speciulative position in TCL (1070), a residual position in Golden Power (603), and a bunch of meaningless subscriptions to annual reports (YHOO, SFE, AOL, EMC, CSCO, LU ...), plus a middling hedge in NEM longs and puts. Of the above, 9984 now accounts for 60% of total value, depending on what time of day it is in Tokyo.
(2a) Plannned for today: unload 50-100% of 1070 position at open and ask questions later, following the rule ... the boat may explode, do not pray, jump.
(2b) Sell 10% of 9984 at market open, and buy 10% at market close; if trading shut down due to limit down, then buy sftbf in US. May do so again tomorrow.
This tact should net some marginal cash and get me into a dual time zone position in 9984 (never bought sftbf so far) as the volatile times ahead is better dealt with on 12 hour basis.
(3) Definitely will not short anything. |
