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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: pezz who wrote (25462)11/18/2002 5:21:29 AM
From: TobagoJack  Read Replies (2) of 74559
 
Good morning Pezz, Today's Report: I received notification that my NYSE traded Harmony has been taken away, in exchange for USD 15/shr plus release of certain short Call strike 15 obligations.

Now I am left with my Joburg resident Harmony and some NYSE camped Harmony Puts strike 10.

I had originally bought the Harmony and shorted its Call here:

Message 17336793

... thus netting 31% gain over a 7-months period French Creole Hakka Chinese Trinidadian calculation, or 50+% annualized, American calculation:0)

Now, on related trade, I am left with "shorting HGMCY February Put 10" as noted here Message 17786589

... which will most likely expire worthless, netting additional USD 1.94/shr gains on the related trade, boosting total return to 46%, or 80% annualized.

I may close the Put option position at 0.35/shr and put on another obvious trade.

Note to Maurice, I hope you are taking notes on these obvious trades:0)

Chugs, Jay
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