SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: pezz who wrote (47034)3/15/2004 10:12:20 PM
From: TobagoJack  Read Replies (2) of 74559
 
Hello Pezz, Today's Report: I ordered my troops camped at Travelsky Message 19911658 to put on civilian clothing, then run for their lives, or put out white flag and surrender, or act stupid and shoot themselves.

I sold out my Travelsky position at HKD 5.83 average price, netting a loss of 3.5%.

I simply do not have time to wait under the increasingly dire circumstances, amazingly unrealistic valuations and incredibly nonsensical interest rates.

I figured it is time to admit to stupidity rather than die a financial death of a thousand cuts.

In other words, I fear it is time again for terrible days after horrible nights of ever decreasing share prices.

My equity is now down to 13.2% of gross asset, of which 7% (700 basis pts) is in energy and energy royalty, 410 basis points in mines of all flavors, 120 basis pts in real estate shares, and 90 basis points in this and that);

31% of equity holdings is in theory hedged via ownership of LEAP Puts (I can see this number go up to 100% in the next few days); and

Cash is up to 47.9% of gross asset, of which 19.1% (1910 basis points) is non-USD.

I am afraid that either US assets will drop 75% (i.e. DJIA to 3,000) or USD itself will drop 75% from this moment forward before all is well again.

The buying opportunities are coming ;0)

J
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News