as usual doing regular calls w/ buddy who ranks high in one of largest banks in the world, w/ own back-office team supporting him to take care of very-extreme-VIPs
Message 32676063
Message 32929786
same guy who helped me to panic the weekend before Asian Financial Crisis,
into Softbank 1999 for one calendar year,
out 2000,
and out again a few months before GFC, and
out again January this year. My pf went up 28% mid-march to mid-april 2020.
he says to be careful, get cheap puts, for the next 30 days, starting now, and be ready to buy buy buy on cratering. I shall do so Monday, to increase net-short against TSLA, and to buy some puts.
BTW, 4 of the 32 bitcoin whales are his clients. He is working on the other 28. I do not know what qualifies whales as whales, but supposedly they all know each other. Probably good-enough to think of them as the minders, or guardians, or apostles.
As far as liquid stuff go, am already net-short on pf basis, by mostly naked-short of TSLA calls, and really only long DRD, and GBTC in material numbers. A bit in CHL and SBSW. Mostly cash, as part of margin support.
Am concerned for my father in-law and his mind-bindingly large allocation to 0388.HK (but then he went all-in at HK$ 12-16 per share) now at HK$ 410+. Yes, he is of deep faith on some matters and puts funds where faith be. |
