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

To: Haim R. Branisteanu who wrote (37369)	8/22/2003 2:20:43 AM
From: TobagoJack	Read Replies (3) \| Respond to of 74559

Hello Haim, <<what are your comment about the USD ?>> I have recently sold off all of my China/HK shares, and locked in gains for the 10-12 months of adventure. I am now also in an option (naked puts, covered calls, and odd straddling) poor state. I normally like to have lots of expiring positions for the coming 6 months. I consider option money free :0) My YTD NAV gain is +11.33%, and is +17.7% (less real estate and less passively managed bonds) for actively managed portion of NAV. The gains are attributable to (a) currencies (incl. Gold), (b) some bond liquidations, (c) Lumacom uk.finance.yahoo.com , and (d) other stock picks and option raids. I am glad I made mostly the correct moves during 2003 achamchen.com and especially that I converted my Euros to CAD at the correct psychological moment Message 18598841 (wiping perspiration off my brow). I am concerned that I had to make so many moves in 2003 in order to get to my current state. I am concerned because the more one makes, the more opportunity one has of making terrible mistakes. It is just the same as the more soldiers one send into battle zone or death-match arena, the more casualties one may incur. I thought 2003 would be so achamchen.com . My thoughts on the USD is still the same as when I thought about it back in February achamchen.com <<The USD is still a global reserve currency, needs to be held aloft by its sponsors, namely the US, Japan, and China, so as to tap some balance sheets to finance the building of the next abracadabra>>. While I am inclined to wait for the rest of the Script to play out achamchen.com , I am in process of general review of the facts, specific hunt for the truth, and figure out a game plan for 2004. I suspect USD will be a key consideration in my figuring, because my accounting base is in USD. I believe we are living through some of the most dangerous times for capital, and there is no such thing as a null-position (i.e. even if one go to all cash, it is a position, and a dangerous one at that). What are you thinking? Chugs, Jay