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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Earlie who wrote (272888)1/7/2004 11:40:23 AM
From: Tommaso  Read Replies (1) of 436258
 
Hi Earlie,

I guess I did worry that a SWAT team from IBM might have got you. [G]

As of today I have a good amount of money in the Rydex fund RYVNX that is supposed to do 200% of the inverse of the Nasdaq 100; to judge from its performance over the past year, it works: down to about 25 from over 100. So I have not repented of my evil ways. I continue holding my LEAP puts on the QQQs in my cash account.

My biggest mistake over the past year was to give up on silver after I got a digital camera for Christmas of 2002. But despite that, my IRA account is up about 43% year on year. Also, I made a good call in putting about 10% of my total capital into Petrofund (PTF), which has almost doubled while paying 20% in distributions as well.

I wish I had been more reckless with gold investments, of course. And I did take a pretty good sized tax loss on my LEAP puts of JPM. I may reestablish that position when my 30 days is up, though waiting for the collapse of JPM is beginning to seem like what waiting for the retirement of Strom Thurmond was like.

I continue to believe that the biggest money is likely to be made in commodities, and especially in energy, and most especially in natural gas. Greenspan told us that irrational exuberance had arrived, and it had, and he told us last summer that there was a looming natural gas crisis. He could have done something about the former by raising margin requirements, but there's not a thing he can do about the latter.
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