Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (41012)	11/7/2003 2:35:24 PM
From: TobagoJack	Read Replies (4) of 74559

Hello Pezz, HK Early AM Report: I sold my more precious PAL at avg price of USD 6.61/shr, recognizing so as to better appreciate a USD 1.21 or 22% profit in 16 days on the tranche strength wager. I decided not to wait for possibly 12 months for the remaining imagined loot of USD 3.39 of value creation :0) Reference: Message 19426552 October 22nd, 2003 … 3 dollops of PAL at 5.40 or better ... was executed flawlessly … so Energyplay’s PAL Message 19423006 may have been taken into my portfolio via third party … While I did help Energyplay in his effort to get liquid … I am also helping myself to his cheap but soon to be dear Palladium. I am buying Energyplay’s less precious PGM ore, to start hedging my larger than before exposure in Platinum … I am not remotely fussed if I bought at a temporarily high price, because, as I had consoled myself before, a bull market can correct all mistakes. Did I forget to mention we are in a multi-year commodity bull market? … I believe after 2003 is over and before 2005 starts, we will have opportunity to short NEM puts strike 45 and 50, and sell PAL for north of USD 10/shr. Chugs, Jay

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