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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (46633)2/25/2004 7:16:50 PM
From: TobagoJack  Read Replies (1) of 74559
 
Hello Pezz, Last Night's Report: I wandered around Guangzhou a bit, checking out the scene, purchased a session of reflexology, then a meal of fried rice and watermelon juice.

Thus in a positive frame of mind, nourished and alert, I added 2 more dollops of QQQ LEAP Put 2006 January strike 37 at USD 5/contract, averaging up and completing the first tranche from this earlier trade:

Message 19748281
<<January 29th, 2004
… first dollop of QQQ 2006 Jan Put strike 37 @ USD 4.40/contract>>

I want to be able to be happy, always. The 2006 LEAPS is an insurance policy, strangely, for my dividend paying precious and beloved energy royalty shares Message 18909780 <<May 3rd, 2003>>, especially faithful Vermillion, the trust Spotted.Cat.KastelCo kindly highlighted but forgot to buy Message 19017336 due to caution and not having been in tune with the force :0)

Vermillion has gained much since my ownership, as well as paying out the loot month after carefree month, at a healthy and nourishing clip.

I am figuring (hoping) that, in an age of zero interest rate, folks will not be foolish enough to dump high-paying energy royalties units without also divesting themselves of zip-payout tech shares; or, put another way, energy royalty units may go down with tech shares, but tech shares may tank on its very own. Now I am getting confused again ;0)

I feel I do not know how to make money over the next few months, but am optimistically reasonably sure that I can gain over the few months after the first few months;0)

J

P.S. Vermillion, together with Canadian Oil Sands, are my largest energy royalty holdings, 2 to 3 times larger than any one of the rest of my energy royalty holdings. I really do not want to sell these precious pieces of paper.

BTW, I absolutely hate the word ‘precious’ because of the movie trilogy Lord of the Rings ;0/

Reference Vermillion:

Message 18915962 <<May 5th, 2003
… Bought Vermilin at average cost of CAD 12.62 uk.finance.yahoo.com

Message 18920723 <<May 7th, 2003
… Vermilion uk.finance.yahoo.com
I do not have any VET's annual report; I am accumulating its shares out of demented brew of greed, frenzy, love for all things Canadian, and patriotism for Tobago ;0) >>

Message 18923587 <<May 7th, 2003
… I got my limit order for (b) Vermilion uk.finance.yahoo.com executed at CAD 12.85>>

Message 18959120 <<May 20th, 2003
… Another dollop of Vermilion at CAD 12.99>>
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