Hello Pezz, Last Night's Report:
Zhu Rong Ji (the now lame duck Premier of China) made a speech in HK last night which I saw in Hangzhou on television while receiving reflexology treatment.
The basic messages -
(a) China will support Hong Kong anyway it can (the subjects being discussed in HK are open/removal of borders, selling of residency rights packaged with real estate, other drastic measures), and
(b) Hong Kong will be OK, but
(c) Matters will get worse before turning around, because there was a BIG bubble explosion, and
(d) HK people must continue to do what they do best, work. Finally,
(e) Do not worry about government deficit, for HK's reserves will last 8 years at current depletion rate.
To which I say, thanks for the brutal honesty, I am prepared for the carnage, and aim to emerge stronger, relative to others, and absolutely.
I did the following trades: Purchase
(a) wallop of Enerplus Trust (ERF) at 17.19,
(b) full wack of San Juan Trust (SJT) at 13.05,
(c) few dollops of Agnico Eagle Mines (AEM) at 11.93, and
Shorted
(d) load of AEM May Put 12.5 and
(e) bunch of AEM May Call 12.5.
Chugs, Jay
Note to Maurice: Maurice, by staying in QCOM, USD and Kiwi cash, you will be gibletized, diced, and smoked. Get out now, and repent! |
