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

To: pezz who wrote (35137)	6/18/2003 8:56:42 PM
From: Snowshoe	Respond to of 74559

Now, back to our regular scheduled programming... Argentina, Not Japan Message 19043211 What this means in relation to America is that the latter, like Argentina circa 2001, no longer controls its own economic destiny. In the case of the United States, the Sword of Damocles is not the IMF, but China. The death knell for the US economy may well be when the Chinese elect to float their currency because at that stage, many of the other Asian central banks (with the possible exception of Japan) may well find yet another compelling alternative to the US greenback, thereby sending the latter into free fall, creating untold damage to the US credit system. American policymakers, who persistently call for the Chinese remnimbi to be floated, ought to be careful what they wish for. It could well be the precipitating event for the final denouement in this extraordinary period of financial history.

To: pezz who wrote (35137)	6/19/2003 10:43:25 AM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hello Pezz, Tonight’s Report: I covered my QCOM July Put strike 35 at USD 0.65, recognizing oodles of profit to the tune of USD 3.35/shr in continuation of this game with Maurice :0) … Message 18500597 January 28th, 2003 Hello Pezz, This Morning’s Report: In order to rip some ribs from the Mq bulls, to hedge my egotistical greed per your admonition, and to heed DAK’s advice on QCOM, I did the unforgivable: (a) I purchased a whole lot of QCOM shares at 36.90/shr (b) Shorted equivalent number of QCOM July Call 37.5 at 4.80/shr (c) Shorted a lot of QCOM July Put 35 at 4.00/shr Maurice, you probably know this but just in case: If QCOM stays within the band topped by 37.5/shr and bottomed by 35/shr in third week of July, I will have acquired my QCOM shares at effectively 28.10/shr; If QCOM rises above 37.5/shr in third week of July, I will have to sell my QCOM shares at 37.5/shr, keep the premium of 8.80/shr, netting a 25% return (50% annualized); and If QCOM drops below 35/shr in third week of July, I have to buy another lot at 35/shr, and would still be breaking even at approximately 32/shr. I will probably have a chance to close either and/or both call/put option trade before expiration. Chugs, Jay Message 18883524 April 25th, 2003 … (c) Closed out this short QCOM July Call 37.5 position at o.55-0.60/shr Message 18500597 and recognizing a 4.20/shr profit, leaving the long stock and short covered call position for summer rally harvest time. Chugs, Jay Message 18892762 April 28th, 2003 Hello Pezz, Last Night's Report: (a) Short sold QCOM October Covered Call Strike 35 @ 2.15-2.20 At this point, I still hold the QCOM shares, and still have an open position in short QCOM October covered Call strike 35. I have successfully ripped USD 7.55/share from Q :0) Chugs, Jay