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

To: LLCF who wrote (20738)	7/4/2002 7:41:12 AM
From: TobagoJack	Respond to of 74559

Hey DAK, <<Hey, Jay....for now, I've covered most shorts... still long some small gold shares and buying more on this dip [DROOY, NGX ... Hey, I bought some biotech Jay ... prices are pre-pre VC if anyone cares ... science value close to zero on many>> In case you thought I do not read postings of back-and-forth with ACF Mike, attempting to save him some mullah, scratch, money, dole, ... I do. I am also adding gold shares by shorting puts, and today I added paper gold via my new all-purpose wrap account at HSBC, figuring as long as cash is not paying interest, might as well add some gold, but saving the trouble of physical this time around. 6% of NAV in physical is about as high as I would go. Paper gold? I am willing to allocate an eventual 10% of NAV to the currency of kingdom without politicians, and budgets, and ... electorate operated printing presses, unless it all blows up before I reach 10%. On the biotech, I really appreciated your idea of taking a private equity approach to publicly traded but humbled biotech shares. So, adding, but slowly, on tip toes, by and by. Hey, ACF Mike, who says the rest of the thread cannot be bullish and 'optimistic', even dreamy. Chugs, Jay