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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (18233)	4/16/2002 7:27:28 PM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hi tippet, <<buy some at 10 ... won't be exercised>> I am suspicious that we will (yes, that would be the 'we', as in gold bugs, platinum worms and silver insects) be tested in the near future (18 months) by declining gold shares to below current levels when many would be scared to buy. The road is long, the path difficult, but at least we are on our way:0) There are many acts officialdom can still do: (a) eliminate tax on dividend (b) impose negative real interest rate (we are close already) (c) Japan is considering cash that has a limited useful life (recognized within span before it must be spent) (d) Outlaw gold ownership, at least in the US (not really possible elsewhere, politically and geopolitically) (e) etc ... In the mean nasty time, sell naked puts, covered calls, buy hot shares during the scary lows, keep accumulating and warming the seniors, ... for fun, exercise, positioning and petty cash. Infinite patience of the bugs and strong faith of the worms will see the officialdom humbled, eventually, on that sweetest of beautiful honest days. Chugs, Jay

To: yard_man who wrote (18233)	8/13/2003 1:20:23 PM
From: TobagoJack	Read Replies (3) \| Respond to of 74559

Hello tippet, <<selling the puts, eh?? Now that's a good move ... I'd love to buy some at 10, but you won't be exercised>> :0) I am not certain about who the lurker might be Message 19205481 , but I do not have a long position in HMY call because I do not generally buy options unless to close a short position. I am short HMY August covered calls. However, I do not suffer because I: First engage in the Natural Trade: Message 17336793 <<April 16th, 2002 … felt listless, restless and bought some Harmony Gold (HGMCY) at 12.1x, sold short some November Put strike 10 at 1.5x, and sold short some November Call strike 15 at 1.6x>> Then double up on the Obvious Exchange: Message 17786589 <<July 24th, 2002 … shorting HGMCY February Put 10>> … Suffer the fools: Message 18245951 <<November 18th, 2002 Good morning Pezz, Today's Report: I received notification that my NYSE traded Harmony has been taken away, in exchange for USD 15/shr plus release of certain short Call strike 15 obligations. Now I am left with my Joburg resident Harmony and some NYSE camped Harmony Puts strike 10. I had originally bought the Harmony and shorted its Call here: Message 17336793 ... thus netting 31% gain over a 7-months period French Creole Hakka Chinese Trinidadian calculation, or 50+% annualized, American calculation:0) Now, on related trade, I am left with "shorting HGMCY February Put 10" as noted here Message 17786589 ... which will most likely expire worthless, netting additional USD 1.94/shr gains on the related trade, boosting total return to 46%, or 80% annualized. I may close the Put option position at 0.35/shr and put on another obvious trade. Note to Maurice, I hope you are taking notes on these obvious trades:0)>> Follow on with some Apparent Wager: Message 18732391 <<March 21st, 2003 Hello Pezz, Tonight’s Battle Field Report: (a) Bought a dollop of Harmony (HMY) @ 11.85/shr (b) Short HMY Aug Call 12.5 @ 1.65 covered (c) Short HMY Aug Put 12.5 @ 2.25 … Obviously, I believe gold shares will rise again, even as Greensputin will make sure that my synthetic bank (http://www.siliconinvestor.com/readmsg.aspx?msgid=18181090 ) Annaly will not be putted to me, at least not by October, for there is much fight left in the FED. Now, it is time for a hot Jacuzzi jet massage, then off to appointment with crisp linean, fluffy pillow, and warm comforter.>> … and then make certain with some Sure Bets: Message 18811751 <<April 8th, 2003 (e) Purchased extra large wallop of Harmony (HMY) at 11.74/shr (f) Shorted extra large wallop of HMY November Call Strike 12.5 at 1.90-1.95 (g) Shorted extra large wallop of HMY November Put Strike 10 @ 1.30 (h) Purchased extra large wallop of Gold Field (GFI) at 10.06/shr (i) Shorted extra large wallop of GFI October Call Strike 10 at 1.75 (j) Shorted extra large wallop of GFI October Put Strike 10 at 1.75 I am prepared to establish mind-bendingly large attack formations of mining shares, and pincering puts/calls against the benighted Al Kaputin as physical gold tumbles and rolls. 'Tout ou rein', as the most courageous French would say right before they decamp to the Caribbean tropics;0) >> Suffer the clowns Message 18897343 <<April 30th, 2003 Hello Pezz, Early Evening Report: (c) Got notified that some eager Put owner jumped the gun on me and sold me a bunch of Harmony at USD 12.5 (current market price at USD 10.26), exercising a quarter of my shorted May 12.5 puts; >> Do some trimming and harvesting: Message 19058488 <<June 24th, 2003 Hello Pezz, Last Night’s Report: It was a story of escape, as in ‘get-away’, or getting out while the getting is still good: I sold: (c) These Harmony Message 18897343 <<April 30th, 2003>> that was putted to me by some jumping-the-gun eager holder at USD 13.67, recognizing 9% profit;>> … and am still in possession of these positions achamchen.com : HMY equity longs, plus Short HMY Aug Call 12.5 covered @ 1.65 Short HMY Nov Call 12.5 covered @ 1.90-1.95 Short HMY Feb Put 12.5 @ 1.60 Chugs, Jay [Key Words: Anatomy of Harmony bets]