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 (51003)	7/7/2004 7:46:28 PM
From: TobagoJack	Read Replies (2) of 74559

Hello Pezz, Last Night’s Report: Added another tranche of Vermilion finance.yahoo.com at CAD 18.20/shr because it has gas (a local commodity, unlike oil, which is an int’l commodity) denominated in Euro, located far away from Canada, which in turn is close to the epicenter of the next truly big financial crisis to its south; Bought a tranche of ARC Energy finance.yahoo.com at CAD 15.35/shr because I do not have it yet (I collect CanRoys like I stalk ancient coins, and I really enjoy counting the moolah as they come in each month); and Shorted a dollop of NEM Sept Puts Strike 37.5 at USD 1.15/shr. I think dollar down is not in doubt in the intermediate/longer term now that the economy is obviously not faring well (at least apparent to those who pay attention), everything else down maybe (because they are too high, very leveraged, and cash will be king again), gold up possibly (because gold is too cheap and too wonderful), and I am looking for new ideas to short, maybe the Ru2000, or perhaps simply pile on more QQQ? Chugs, Jay

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