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

To: pezz who wrote (25462)11/17/2002 5:32:42 AM
From: TobagoJack  Respond to of 74559
 
Hello Pezz, <<tranche>> I suspect that some tranches of my HSBC (HK.5 or HBC in US) will be put up for sale in the coming week, since I feel some uncomfortable pressure:0)

Message 18243396

Chugs, Jay



To: pezz who wrote (25462)11/18/2002 5:21:29 AM
From: TobagoJack  Read Replies (2) | Respond to of 74559
 
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)

Chugs, Jay



To: pezz who wrote (25462)11/18/2002 12:35:37 PM
From: TobagoJack  Read Replies (2) | Respond to of 74559
 
Hello Pezz, Tonight's Report: shorted -
(a) FREEPORT-MCMORAN COPPER & GOLD (FCX ) May Put Strike 12.5 @ 1.6x/shr
(b) Harmony (HGMCY) May Put Strike 12.5 @ 1.40/shr
for more pocket money.

Note to Maurice: This is like selling insurance to zombies who want to buy insurance on their money, which needs no insurance, because it is gold in the ground. As good as a free lunch.

Do not do this on QCOM:0)

Chugs, Jay


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