Good Morning Pezz, I am pretending to work at home today, instead of faking work at the office. So, it will be a day of swimming, model making for HGT and SJT, and snacking on Italian olives, German Brie cheese, English crackers, Philippine mango salad, and sipping French Chateau Pouget Margaux ’83 (I know nothing about wine, only vague and clouded memories of wine tasting course at the hotel school in my university during my foolish days of, well, actually, wine, cheese, and lucking out on exams:0).
CB is right, economic depressions are quite enjoyable, certainly relaxing, so far, up to a point, while waiting for the economic barbarians to show up at the gate, and global equalization to appear in the back yard porch;0)
Last Night’s Report: I have accidentally reduced my energy trust allocation from 15% down to 13% of stock allocation by …
(a) Selling half of my US-traded Enerplus Message 18253310 at USD 23.08/unit, and having collected USD 0.76/unit of distributions, realizing 39% gain over 6 months;
(b) Selling half of my US-traded NCE Petrofund Message 18381801 at USD 8.25/unit, and having collected USD 0.41/unit of distributions, realized 24% gain over 5 months;
© Selling all of my US-traded Pengrowth Energy Message 18895990 at USD 11.35/unit, and having collected I do not yet know what if any distributions, realized at least 14% gain over 20 days:0)
(d) Selling half of my US-traded Prime West Message 18381801 at USD 20.3/unit, and having collected USD 0.32/unit of distributions, realizing 28% gain over 5 months;
(e) Selling all of my US-traded Provident Energy Message 18895990 at USD 8.55/unit, and having collected I do not yet know what if any distributions, realized at least 16% gain over 20 days;
… and …
(f) Failing to buy above to add to my Toronto-traded positions due to having forgotten the Queen;
I have also done the following out of desire to ‘do something tactical and something else strategic’:
(f) Bought some Genentech uk.finance.yahoo.com at the newly inflated momo price of USD 53.79, wanting to feel participative;
(g) Got rid of my US 11.04 and 11.05 treasury strips via the New York market;
(h) Sold short a dollop of British Petroleum January covered calls for USD 3.00/shr, continuing this trade …
http://www.siliconinvestor.com/readmsg.aspx?msgid=18465553
January 20th, 2003
… I got putted a bouquet of British Petroleum shares at USD 40/shr, slightly higher than current market price of USD 39/shr. As my puts were shorted at USD 2/shr ( Message 17738578
July 15th, 2002), I am ahead by USD 1, and will probably write calls against newly acquired shares while wait for Maurice’s dream to come true (oil at USD 2/barrel)
Chugs, Jay |
