Hello Pezz, Today's Report:
(i) Got back to HK safely last night from Manila. Note that all is still well in that land, with politics democratically corrupt and economy still bubbly. Given that I was away from my main PC for so many days, and that I was too lazy or otherwise engaged to call up the relevant data file from memory stick, I had not updated my MS Money tracking since Monday, and so I am not sure about where I stand, or even whether I am still solvent or melted, liquid, or frozen, standing or down for the count. Thus relieved of having to deal with reality that is, I did a few trades on this dire night, as below:
(ii) Shorted a bunch of finance.yahoo.com Bunge Puts July strike 85 @ 9.40;
(iii) Shorted a handful of finance.yahoo.com Pan American Silver Puts strike 35 @ 4.40;
(iv) Grabbed a bushel of Cresud finance.yahoo.com @ 14.35. It does farming down in Argentina and Brazil; and
(v) Bought a bundle of Faircourt Gold finance.yahoo.com @ 9.00 via GTC order that someone stepped on. The business, if you can call it that, makes money by trading options on gold, stuff and its derivatives, and serving the greater good of society;
As tomorrow will be Good Friday everywhere, I anticipate the following:
(a) This Message 24246346 earlier executed trade (Shorted March 90 Put on FXP Ultrashort China finance.yahoo.com at 13.90) to expire worthless, allowing me to book mucho profit at infinite annualized rate, given that China is less desired than earlier times; and
(b) This Message 24246279 earlier executed trade (Shorted March 110 Put on SRS Ultrashort Real Estate finance.yahoo.com at 10.60,) to result in a forced buy for me, and given that the share is at 98+/-, and that I had collected 10.6 of premium, I am OK, especially given that real estate will surely collapse and I will be in-the-money quite soon.
Chugs, TJ |
