Good morning Pezz, Today’s Report:
<<… I haven't a clue … decided to take advantage of todays price and volume and lighten up … >>
… Very wise.
BTW, thank you for the BlueFly. My, how it flies :0)
And then there is Ivan from the Natural Resources thread :0)
Can a day start out better than the above? But of course, sometimes, to the undeserving few. Speaking of the undeserving:
I sold my Mitsubishi Tokyo Finance (8306) Message 18284443 <<November 29th>>, at Yen 810,000, recognizing a 29% gain (9.46% gain on Yen price, rest on exchange rate – 130 a year ago vs 110 now);
I sold my NTT Docomo (9437) Message 18211135 <<November 8th, 2002>> at Yen 246,000, recognizing a 26% gain (7% on price, and rest on forex).
I am still holding Mitsubishi Real Estate (8802) Message 18258261 <<November 21st, 2002>>, bought at Yen 879, now at Yen 1087, with embedded gain of 46% blended gain.
Strengthening currency nations are good places to speculate. Not only are the bubbles more robust, but one can leverage off the energy of the entire monetary regime and pivot the equity gains to greater loot.
BTW, the resultant Yen proceeds are staying in Yen-space, waiting for either (a) Japanese equity market tanking, post March 2004, and/or (b) Japanese Yen rise leading up to March 2004 ;0)
Chugs, Jay |
