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To: manohar kanuri who wrote (3090)1/6/2000 4:59:00 AM
From: TobagoJack  Read Replies (2) | Respond to of 6018
 
Downloaded your message and will respond directly. Here is a clip and paste from hotel in Wuhan ...Did nothing, except nibbling at the following at 15 minutes before market close, risking no more than a modest car:
#418 8,000 shrs @ HK$ 6.55
#603 4,000 shrs @ HK$ 12.35
#1186 4,000 shrs @ HK$ 13.30
The HK market was uglier today, gapping down 400 pts on open, then dropping 1,400 points on high volume (bad sign), doing an 18% ?correction? in two trading days. The contagion (there is that word again) may wash over to London, then New York, and backwash to HK tomorrow again. London opened already, and looks like Europe is acting as a seawall so far.
HK took it on the nose, I think, because the folks here are really gun shy about bubbles (memories so fresh still), and Sony chairman calling Sony share ?baburu? did not help matters.



To: manohar kanuri who wrote (3090)1/10/2000 5:44:00 PM
From: TobagoJack  Read Replies (1) | Respond to of 6018
 
In the midst of all the excitement, I had not checked Visio. I have just been taken out of the execution waiting cell, delete the handcuff of my short Visio Put (June 35 and June 45) positions on Quicken 2000 and recognize the premium as profit for freedom.

Now I just have to rebuild MSFT position via puts, by and by.

There is a free lunch in this world, especially if the takeover target is small and the arbs can not play without kicking in the Heisenberg Uncertainty Principle (the act of observation affects outcome of the observed).