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

To: pezz who wrote (30065)	3/25/2003 12:08:21 AM
From: TobagoJack	Respond to of 74559

Hello Pezz, I did forget Yesterday's Report: (a) I regrouped my ragtag battalions and divisions (numerous fixed deposits) of AUD and CAD into a semi-permanent occupation army of monthly auto-renewing jumbo-fixed-deposits, fully intending to keep the peace in Australia and Canada for as long as the USD is not going up; and (b) Today's Report: My Aztec gold army command again requested permission to cut short invasion so as to regroup, as in lick wounds, and only leave behind a rear-guard and several armed reconnaissance missions. In the spirit of “survive, so as to fight another day”, I have sold down my metal position from around 20% to 10% by selling off 70% of my paper gold position. No, I am not crying over the 1.25% loss of gross asset, I am thinking about the pleasure to be when I buy the position back. The FED position requires a bit more strategic carpet bombardment and NYSE position needs a bit more precision tenderizing before the troops move back in for the carnage. Chugs, Jay

To: pezz who wrote (30065)	3/26/2003 4:42:17 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hello Pezz, Today's Report: This trade ... Message 18113247 October 15th, 2002 ... (c) Shangri-la Hotels (hk.69) at HK$ 4.4 for their China hotels, but not their Indonesian and Philippines hotels (since they are WAT-WOTing) ... ... had gone as high as HKD 6.0+/shr recently and had just been beaten back to HKD 5.15 today after suffering a -9% drop due to recent Iraq war and SARS disease factors. Portions of my newly freed up Aztec gold army (regrouped as the HKD homeland defense corp) has been deployed to establish a rear guard ambush that would be kept active from tomorrow to April 1st, at limit price orders of HKD 5.15/shr to HKD 4.40/shr. If and when these trip-wire ambushes are set off, my now massive HKD army will be used to viciously attack Shangri-la Hotels, knowing full-well it is good for a 36% rise based on valuation, prospect and dividend factors. Yes, I am excited;0) Chugs, Jay

To: pezz who wrote (30065)	3/27/2003 10:11:53 AM
From: TobagoJack	Respond to of 74559

Hello Pezz, Today’s Report: The ambush ( Message 18754596 ) I had arranged along the path of Shangri-la Hotel’s retreat got tripped, and even as they put up a good fight, my HKD expeditionary force managed to capture 2 brigades of HK.69. Translation, I purchased 2 dollops of HK.69 Shangri-la Hotel shares at HKD 5.00/share via limit orders. Chugs, Jay P.S. reference Shangri-la Hotels (HK.69 baby.boom.com.hk or quamnet.com , and in US quote.bloomberg.com )

To: pezz who wrote (30065)	3/27/2003 10:57:43 AM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hello Pezz, Late Evening Report: I am not a greedy man, and so have: (a) Closed out this trade (see reference below) for IPG options at 0.25 for the Call and 0.75 for the Put, generating a profit of USD 3.25/shr, and (b) Shorted another tranche of October covered Calls strike 10 @ 1.35/shr, consolidating positions already captured Reference: http://www.siliconinvestor.com/readmsg.aspx?msgid=18124860 October 17th, 2002 Hello Pezz, Tonight's Report: (a) purchased IPG quote.bloomberg.com. at US$ 10/shr, (b) short sale IPG April Put strike price 10 (.ipgpb) at US$ 2.2, and (c) short sale IPG April Call strike price 10 (.ipgdb) at US$ 2.05/shr. I know nothing about IPG, other than fact that they are in advertising, down a lot today upon disappointing a lot of shareholders, is tied to consumer fortune, and may do as many did go belly-up in early 1980s. But, hey, so is the Yen I borrowed to buy IPG with:0) The simple and elegant trade may generate one month's worth of living expenses (if I cut back), pay for a nice holiday (if I dare to go anywhere) or one year's worth of interest on the total JYen loan (no need for further qualifications). It doesn't get better than this, does it:0? Chugs, Jay

To: pezz who wrote (30065)	3/28/2003 2:04:41 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hello Pezz, Delayed Report: (a) I closed out the following referenced wager after predictably winning the necessary loot, figuring not to overstay the local's welcome. I abandoned the position at the cost of USD 0.30/shr, netting a premium loot of USD 1.70/shr for a few months of doing nothing. The annulized return approaches infinity, since no out-of-pocket capital was utilized, and the lock-up of capital has zero cost. You remember that I had recently established a similar position further along the time axis ... Message 18732391 Reference Wager: http://www.siliconinvestor.com/readmsg.aspx?msgid=18181090 October 31st, 2002 <holding head> :0) Hello pezz, we must anticipate a need, get in front of the line, turn around, and taunt the late comers. Last Night's Report, confirmed now, shorted Annaly Mortgage (NLY) quote.bloomberg.com April Puts 17.5 at 2/shr pcquote.com (yes, I moved the market, because I was the only seller) It is considered a REIT but is actually not. It is a pile of highly toxic paper managed by a bunch of quantitative folks who have constructed a ‘synthetic bank’ with a derivatives moat around it. They specifically and effectively borrow short term money and lending long term by buying mortgages, hedging out a number of risks, and payout 95% of the goodies each quarter (thus qualify for REIT treatment). If we believe Maestro Greensputin will continue to successfully keep short term rates lower than long term rate (steep yield curve), and I do, ala Japan, then Annaly puts represent free money, direct from the coffers of Greenskaput. And so, synthetically, I have started to indirectly borrow from the US, in USD terms, by providing artificial Federal Deposit Insurance Corp (FDIC) services for the stakeholders of a synthetic bank. Maurice, are you paying attention?! To protect myself, I will use the proceeds of the insurance premium to buy make-belief paper gold, in case Maestro Greenspew messes up, NLY blows up and Jay gets putted a pile of toxic paper with hedge fund characteristics, that pretends to be a true REIT but is actually a fake bank. Have I made myself clear on this trade. Chugs, Jay