Hello Pezz, Today’s Report:
(1) I sold a little piece of my large paper gold hoard, I do not know why, probably just to see how I feel about it. The sale did not feel good, even though at a good price relative to buy cost, and so I did not sell more.
(2) I bought quite a bit (half of eventual position) of MTR finance.yahoo.com at HKD 25. The company owns and operates the subway of Hong Kong, and is 77% owned by the Hong Kong government. The company will merge with Kowloon Canton Railway, to more fully participate in planned rail infrastructural projects, and expand its already large real estate development and rental operation along the right of ways and at metro and train stops. It should be a lovely play on China, infrastructure, HK law, and moolah.
(3) I bought one quarter of eventual position of Zijin Mining Group finance.yahoo.com at HKD 13.78. The company mines gold, in China, and trades in Freedom HK, where mainland money will aggregate, especially when and if Zijin seeks listing in the ancestral land, and if China becomes the largest gold producing nation in the world. I figure a public company may have an advantage in grabbing and looting mining concessions.
(4) I again bought MP Logistics, still do not know what they do, if anything, but as I dealt with it so Message 23773215 , and so Message 23853472 , and so Message 23853561 for exercise, and so I do so again.
The global market and/or China market may or may not collapse in October, and this or that monetary regime may or may not choke in November, but I figure I need to do some thing, anything, to pep up the year-end tally, even though the tally is pretty good already.
Chugs, TJ |
