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

To: pezz who wrote (27623)	1/21/2003 10:18:04 PM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hi Pezz, <<... ya seem to be makin money all around>> ya got that wrong. The market is making money for me:0) <<... Still up about 10% year to date though>> I am up a mere 3.07% as of a few seconds ago:0/ <<I wuz having a great January till a few days ago>> The year is very definitely still young, leaving much time for intoxicating gains and unimaginable losses;0) BTW, I see the NZD is going up strongly, and it is likely that Maurice is holding a bag full of USD, slowly diving into the abyss. This positioning, together with a anchore's weight in QCOM, can prove damaging. Chugs, Jay

To: pezz who wrote (27623)	1/22/2003 8:00:52 AM
From: TobagoJack	Respond to of 74559

Hello Pezz, More Good News Report: On this trade … Message 18044653 September 27th, 2002 … Purchased a tranche of Cendant (CD) @11/shr, and shorted a bunch of CD January Call Strike 12.5, and a bouquet of CD January Put Strike 10 for a combined premium of about 3/shr. Maybe I will deserve another platinum watch or a few months of sustenance in time for Chinese New Years … … and … Message 18282552 November 27th, 2002 … a) Broker confirmed that I had successfully closed out my short Cendant January Put Strike 10 @ 0.45/shr. The position was opened here @ 1.45/shr ... ... thus netting a well-deserved $1.00/shr for doing not too much of anything, in time for giving thanks:0) With Cendant at USD 11.55/shr, my net net on trade is 28% or 84% annualized:0) Since I still hold the Cendant, I will think about unloading it tonight directly or via long dated and in the money shorted Calls. Chugs, Jay