energyplay, the wife and I went out last night, had Japanese dinner at normally busy shopping district called Causeway Bay webserv1.discoverhongkong.com and then a movie ("Johnny English"), capped off by snack at a shop that specialized in all goodies to do with mango.
The restaurant was quite fall, although there were no lines as there usually would be. The theatre was 80% full. The mango place was 50% full. Normally all the places would have been 100% full, with wait lines at the eateries. But all is an improvement over about two weeks ago, at <20% capacity.
I had, as you know, bought Shangri-la Hotels, Cheung Kong, SHK Properties, and Petro China, Impala Platinum, not all for SARS pure play, but all had some connection to SARS wobble. I would not play with Cathay,, because air travel is still in trouble, and the share price, IMO, does not reflect the extent of all that can yet be.
FWIW, Cathay can be played via divi paying Swire Pacific preferred stocks or USD denominated bonds.
I do not deal with warrants for the same reason I stay away from naked calls.
Chugs, Jay |
