Hello Pezz, Tonight's Report:
Moped around without too much to do, and so tagged along with another of Natural Resources thread's speculations, wagering a bit on BGO uk.finance.yahoo.com at USD 2.60/shr.
I am enjoying the way my Russian energy shares LUKOY and YUKOY have been behaving, and having a good time watching NEM trapped between 40 and 35, grinding away at the option premiums :0)
Tomorrow's lunch is my monthly gathering of speculators and everyone is supposed to bring to the table a good idea. I am fresh out of ideas, and so will probably just corrupt the process by suggesting ... uhmm, let's see:
(a) Borrowing USD, and
(b) Using 50% of the loan proceeds to buy equal weight of -
Gazprom uk.finance.yahoo.com
Lukoil uk.finance.yahoo.com
Norilsk uk.finance.yahoo.com
Yukos uk.finance.yahoo.com
BTW, I think Russia is at or close to the secular bottom, before Japan, and is ready to take its place in the sun again. Given all the problems still going on, resources are probably the way to bet there, because of all the different ways a Russian resource position can be bailed out (global inflation, China demand, Russian recovery, Saudi implosion).
(c) Using 50% of the loan proceeds to backup the shorting of NEM Puts 35 in successive waves, until the USD citadel is breached like a boiled egg in an egg cup, and
(d) Using the proceeds of NEM put premiums to buy Indorama Message 19288988 in WAT-WOT tropical front.
Chugs, Jay |
