hello pezz, last night's report:
(i) even though i am concerned about the coming triple waterfall planet-wide asset value re-pricing, i had to make a move and do more to put to good use yieldless cash
(ii) i do not believe usa qe3 would automatically follow usa qe2 because the political will is weak
(iii) i do believe usa qe3 is now made easier by japan qe2.5
(iv) there might and should be a break of the market between usa qe3 and the japan qe2.5, and once broken, qe3 shall be, opening the gate of hell to next round of qe's all around the world
(v) iow, i am looking for a broken market at some point between now and 6 months from now
(vi) in the mean time and pending monday confirmation i aa astutely agile executed below trades
- bought clf finance.yahoo.com @ 94.68
- shorted to open clf put option may strike 90 @ 4.30
- shorted to open clf put option may strike 95 @ 6.45
- shorted to open clf put option july strike 90 @ 6.80
my cursory dd due diligence showed that clf has what i need, namely what china, japan and india all need, specifically more common iron and more precious coking coal and in several time zones.
besides, given its chart entrails, it appears to be an ideal candidate for repeated cloud-atm extraction, and again-n-again virtual mining, and more importantly, one should be bailed out as and when one makes a timing mistake.
cheers, tj |
