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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (26471)12/24/2002 5:34:32 AM
From: TobagoJack   of 74559
 
Hello Pezz, Today's Report:

(a) Had a light hearted and casual business meeting at 10:00am

(b) Treated the staff to Christmas lunch at Nicholini's Italian Restaurant in the Conrad Hotel, and gave them their bonus packs (while not as large as previous years, still at say 1-2 months pay)

(c) Contemplated the universe

(d) Raised gold holdings to 10.66% by purchasing paper gold in exchange for soon to be worth-less HKD

(e) I had sold down my position from 8.73 to 6.78% at HKD 3,181/tael, and now I buy back and more at HKD 3,225. May the god of markets forgive me, for I have sinned

(f) I like to sell low and buy high, every so often, in wild panic, as in 'move, furiously, fast, silent, deep into the shadows, dive into the foliage, pretend to be dead, and hope that the spot light shines on Maurice'

(g) I think I am ready for war now

(h) I may buy some puts on gold shares as hedge on hedge, in case the original hedge goes bad temporarily

Chugs, Jay
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