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

To: pezz who wrote (36066)	7/15/2003 1:17:25 AM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hello Pezz, <<Sometimes it seems that biting the bullet and taking the quick loss is the hardest thing to do. I know when I force my self to do so on occasion I save my sorry ass but most often I am dumping near the bottom ... Still blunders piss me off...Oh well still havin a hellofaday>> ... Yup, know where you were at, and I am guessing I will visit the same place many more times in the future. Now, this here Mr. Average Hong Kong Homeless Drug Addict Shoe Shine Guy is also pissed, mostly at Greensputin :0) Tuesday, July 15, 2003 Low bank rates ignite costly protest hongkong.scmp.com TOMMY LEWIS An elderly street sleeper emptied his bank account and started setting fire to his life savings to protest against low interest rates on bank deposits before he was stopped by police yesterday. Chan Pak-yu, 64, withdrew $346,580 [EDIT: HK$ 7.8 = US$ 1.00] from his HSBC account - mostly in $1,000 notes - and took the cash back to the flimsy shed he lives in on Tai Ping Shan Street near Kwun Yam Temple in Sheung Wan and set fire to the banknotes. A woman who saw the notes going up in smoke reported to police and officers sped to the scene just before midday. Witnesses said Mr Chan had burned about 20 of the $1,000 notes before police arrived. He burned another $1,000 note when a reporter and photographer came to the scene later. Police tried to persuade Mr Chan to redeposit the remaining money in his bank account, but he refused. He also declined to speak to a social worker, and told officers that the matter was none of their business. Mr Chan later told reporters that he withdrew his life savings after discovering that the bank had only paid him $17.25 in interest over the past six months. He said he had been disowned by his family when he was in his early 20s because he became addicted to drugs. Mr Chan then began to sleep in the streets and made a living by shining shoes and collecting cardboard for sale to recyclers. The elderly street sleeper said he had worked hard to save his money over the past 20 years and was outraged when he realised the bank was now paying such low interest rates for deposits.

To: pezz who wrote (36066)	7/15/2003 6:35:35 AM
From: TobagoJack	Respond to of 74559

Hello Pezz, Today’s Report: I received notification that my AOL, valued at USD 16.44/shr, has been called away at USD 10/shr. This trade is now closed: Message 18552162 February 7th, 2003 Hello Pezz, Today’s Report: Sunny, cool, birds chirping, wife still sleeping, friends started laughing, and a good light-hearted day. I had blueberry pancakes, bacon, sunny-side-up eggs and orange juice for breakfast. While eating and watching CNBC, I did this obvious AOL trade: (a) Long AOL shares @ 10.45 (b) Short AOL July Call 10 covered @ 1.70 (c) Short AOL July Put 10 @ 1.25 … which is a repeat of this earlier successful exchange: Message 18465553 January 20th, 2003 (b) I also had my AOL called away at USD 10/shr, but as they were acquired in this trade ( Message 17792616 July 25th, 2002), I am way ahead, as is too often the case, by about 27% for 6 months of doing not very much ;0) Given that I had closed out the Put side of the straddle here, thus: Message 18883524 April 25th, 2003 (b) Closed out this short AOL July Put 10 position at 0.15/shr Message 18552162 and realized a 1.10/shr profit, leaving the long stock and short covered call position dangling to die a natural death at expiration time ... I am absconding with w 17% return while some call buy walks away with mucho much more moolah. However, I never look at what others are walking away with, only wish to keep track what I get to keep. Chugs, Jay

To: pezz who wrote (36066)	7/15/2003 9:52:38 AM
From: TobagoJack	Read Replies (3) \| Respond to of 74559

Hello Pezz, Tonight’s Report However much I believe in the longer term potential of India, I committed the forgivable sin of taking short term profit on these trades ... Message 18987384 May 30th, 2003 Hello Pezz, Night Report: I just bought into India, after having just exited Pakistan, but still sticking around Argentina, and not yet freed from Zimbabwe: (a) A dollop of HDFC Bank (HDB) uk.finance.yahoo.com at USD 16.80 and better (b) A dollop of ICICI Bank (IBN) uk.finance.yahoo.com at USD 6.63 and better ... because I was informed that "1 year treasury rates in India have dropped from 11% to 5% in the past 3 years. The currency is appreciating and the Central Bank is fighting like mad to keep it from further appreciation. The stock market hasn't moved for 3-5 years. Valuations are in the 7-15 p-e range for the most part. 11% Nominal GDP growth for this year. I smell a nice bull market a la early 90's in Southeast Asia." ... and so I figure it is time to rush in, buy, pile on, hard buy, burn and loot, buy again, and abscond before the cleaning crew shows up, even though there are political problems, geopolitical issues, walls of worry, slopes of hope, abyss of doom, peak of mania, and other distractions. … at USD 22.8/shr and USD 8.57/shr respectively, and absconding into the shadows with 36% and 29% profit in 45 days. Chugs, Jay