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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (24017)10/9/2002 3:41:02 AM
From: TobagoJack   of 74559
 
Hello Pezz, Today's Report: I converted 35% of the Yen loan proceeds to USD at 124.23 exchange rate, and 14% to HKD at 16 exchange rate.

I am keeping 51% of the Yen proceeds in Yen for (a) conversion to other currencies at a later date, and/or (b) buying Japanese shares.

I will consolidate this Yen 'carry' trade accounting with the rest of my NAV, but I will also separately track the trade and the subsequent related trades, just to keep score:0)

Chugs, Jay
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