Hello Pezz, Last Night’s Report:
I put on the ‘I bet Maurice is Wrong’ trade, that is to say Gold Up, and JPM has hairy legs:
(a) Bought a dollop of JMP 2005 January LEAP Put strike 25 for USD 3.8-3.9 /shr; and
(b) Short sold a dollop of NEM 2003 December Put strike 30 for USD 3.5/shr for regular pocket money extraction from the big ATM in the market place.
Oh, yes, I think folks are complacent about the eventual consequential outcome of the Dollar devaluation issue, meaning competitive devaluation, currency gears grinding money cams, and cash regimes popping out of economic transmissions, interest rate temperature rises, business activity heart beat drops, so on and so forth, once again and plenty more, …
If so, then the above trade, done one dollop once per month, without fail every month, except for when volatility goes way up on one or the other, in which case do two dollops of the other or the one, or three, or go for a tranche at one go, will do wonders for immuno-defense of the rest of your portfolio:0)
Chugs, Jay |
