Hello Maurice, Vacation Chronicles nearly done with, because we leave on Wednesday for the concrete jungle of Hong Kong and asphalt beach of Kowloon. There are a few sickly looking swaying palms on some sidewalks where I am going, but it will not be a vacation;0/
We spent yesterday drinking and driving with my French cousin, opening the cooler in the trunk every so many miles at some view-point, down a Carib beer, chat about Asian vs. Caribbean investments, and then moving on. We eventually arrived at a ocean frontage house belonging to some famous architect.
The house is on multiple acres, full of nooks, crannies, gazebos, hidden stairways leading to various coves, and one leading to a miles long beach. The surf was strong, like in a coffee table book photo. One nook amongst some rocks will become a future saltwater swimming pool. We spent the afternoon shooting the breeze beside the wall of the infinity pool at the edge of a drop. Some American movie starlet will stay at the house next month, and I will not be here:0)
We will go boating today with some directors of the company my cousin is boss in, and I will presumably have an opportunity to infect these people with a sense of caution. I will use your attitude as a counter example – a what-not-to-do. I will leave them with the simple message that “cash is not king, but everything”.
Tomorrow we will hangout with a Chinese cousin, drive to San Fernando, to check up on things to do with oil, and figure out whether the liquid will drop to USD 1 as you seemed to think it would:0)
I just got the design of my French ancestors coat of arms, comprised of a helmet over an outstretched glove amidst of lots of flowery border and the words underneath, ‘tout ou rien’. My wife tells me it means ‘all or nothing’.
I had gotten the short message my Chinese great grand father operated by before arriving in Trinidad, ‘… lower classes, follow me’.
My Negro ancestor did not leave any message down the generations. Do not know who she was, and so the message must be nothing.
I do not think I subscribe to either motto and do not much care for the message of nothing. I just want to keep everything that is mine, and I want no one to follow me. I prefer many folks ahead of me, and behind me, while I am heading off in a perpendicular direction from all of them.
On QCOM’s latest adventure into the abyss, I did not notice, as I had not refreshed my MS Money ledger for several days now. USD 32.7?! I hope David exited his trade, or had done this trade instead …
Message 17035449
QCOM’s valuation and the market psychology is such that even my recommended straddle trade may not save the day of reckoning.
Here is the short and curly version of a script that seems to have unsettled you slightly:
(a) Capital is being mistreated all around the globe
(b) Investors are being lied to by all, including the officialdom
(c) A group of folks believe they can export paper in exchange for Toyotas forever
(d) Japan-US trade account for 48% of global trade
(e) Japan account for 40% of global savings
(f) Trade is declining
(g) Japan has been on the precipice for 12 years
(h) Japan has tried everything short of dumping cash onto the asphalt of Tokyo
(i) Japan is getting old and dying
(j) Japan needs money
(k) Japan has money, just not in Japan
(l) Given the state of Japanese economy and prospect, Japan money is surprisingly strong, relative to most of its history
(m) Japan money may return to Japan
(n) Japan money, if not returning to Japan, may exit places where they are mistreated
Now, between this script and your “everyone will own a chunk of Q and export beef to the USA”, we have our differences in perception of risks vs. rewards, potential upside to possible downside.
Is gold so bad?
Maurice, take the next step. Your friends on this thread are trying to help you. You have de-leveraged your QCOM position. Now, sell some more to get liquid, and then, with our help, buy some gold to get solid.
If it is risk you enjoy, as opposed to possibly fleeting gloating rights over photons and pixels, my position has plenty of risk to it as well, and possibly more but less fleeting gloating rights, against all odds, well, you know, ‘all or nothing’ and ‘… bugs, follow me’.
Chugs, Jay |
