Hello Pezz, Today’s Report:
I stayed home and counted my blessings. I love those currencies grinding against other money, and moolah rubbing against scratch.
(a) I moved a puddle of moolah here and a pile of coins there to get ready to execute a series of maneuvers in a convoluted schema that will result in more aggregation of shares finance.yahoo.com @ HKD 0.012/share.
Yes, the beast is trading at HKD 0.016/share. The convolution is here 219.142.32.202 and the schema is there 219.142.32.202 .
I am aggregating for LTBH, even though there is no lockup period on my shares. The position will be tough to escape from, unless you feel up to giving me a helping hand and take my position away at a reasonable markup ;0)
(b) I bought dollops of Great Eagle uk.finance.yahoo.com at HKD 16.80/shr. It is the developer of the neighborhood of the ex-Seafood Restaurant in Mongkok, same as where the brothel premise was situated. Most of their NAV is tied up in the redevelopment greateagle.com.hk . Should China hard land and interest rate rise, Great Eagle will get crushed, else it should do well.
Given that Bush got re-elected, and the money spigot will be on full open, China may not hard land and my wager should do OK, even if it is denominated in HKD, which is a USD proxy.
(c) I also accrued (in an accounting sense) a soon to be distributed wallop of an distribution from the boyz’ Mongkok ex-Seafood Restaurant building mentioned here Message 19781668
<<February 8th, 2004>> and Message 20644899 <<October 15th, 2004>>. The distribution is resulting from a refinancing based on the latest valuation by the bank at double the gross purchase value [EDIT: thank you Maestro Greensputin]. The building was purchased Message 19210327 <<August 14th, 2003 … (d) I committed to invest in another partnership …>>, a mere 15 months ago. This is the same building that we received an offer at 2.5 x purchase cost.
So, Bush gets re-elected, I feel comfortable to increase my leverage, and invested not only in real estate, but, gad, in China-embraced real estate, as well as a no-name and run-down media company. The lonely path may not get lonelier than this way.
I am, however, looking forward to adding to my short position on US housing. The beast may not crash, but the ride will be volatile, and volatility is a friend.
I will maintain my short positions on the QQQ, DIA, and MDY, as a hedge, just in case I am wrong about the interaction of matter and anti-matter that may create a crisis, which is a partner.
I am bullish on risk and frightened very much, as the world somehow may get more chaotic, which could also be a gift.
YTD NAV increase is now at 9.61% :0)
JWSU, Jay |
