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

To: pezz who wrote (39351)	10/8/2003 8:31:15 PM
From: TobagoJack	Respond to of 74559

Hello Pezz, Last Night’s Report: (a) I had German drinks and Japanese dinner with friends; (b) We then visited a club in the office building opposite the one where my office is. It is a restaurant, bar, club scheme, owned and operated by a HK movie mogul/mafioso’s son. There were many beautiful people partying on a Wednesday night; (c) I got home at about mid-night, after drinking a few beers and several colas in alternating sequence, and exercising the same control/discipline as I tend to in financial markets, left when the leaving is still good; (d) After getting home, I scanned the SI-scape and decided that since the folks on the Natural Resources thread Subject 54268 seem to have a hot hand for whatever reason, and given that I am a believer in diversification (across geography/economic territories, asset class/instrument type, industry/sector, companies/strategies, purchase times, and investment styles), I tagged along on some of their trades as I do some of your trades. Specifically, I bought a dollop of: Enterra Energy uk.finance.yahoo.com @ 15.20, and Mission Resources uk.finance.yahoo.com @ 2.80 I know as much about these companies as I do about NOOF, and I do not need to know any more, because I am simply putting this gaming scheme Message 12508344 <<January 8th, 2000>> into imperfect practice for a portion of my portfolio. Chugs, Jay

To: pezz who wrote (39351)	10/9/2003 1:43:03 AM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hello Pezz, The Afternoon Report: My broker siphoned off about 50% of my Japanese Yen cash balance for repayment of this loan mention to you earlier Message 18085573 <<October 8th, 2002>>. The Japanese Yen loan, if accounted for independently, probably did not earn any return and only incurred an interest cost, given that I was at no time less than 30% in cash during 2003. However, the money did provide liquidity, did not cost much, and did not harm YTD returns to any material extent. I will soon sign the paper work to replace the lost Japanese liquidity with newly exploitable US deluge. The Japanese loan, if taken out now, will cost 1.8% per annum, and the US loan would cost 3%. Given the likely tanking of the USD, a loan in that currency seems well advised. I will think about how to deploy the loan proceeds when I have to think about it. I may just use the leverage to load up on NEM. Chugs, Jay

To: pezz who wrote (39351)	10/9/2003 11:37:10 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hello Pezz, Tonight's Report: Moped around without too much to do, and so tagged along with another of Natural Resources thread's speculations, wagering a bit on BGO uk.finance.yahoo.com at USD 2.60/shr. I am enjoying the way my Russian energy shares LUKOY and YUKOY have been behaving, and having a good time watching NEM trapped between 40 and 35, grinding away at the option premiums :0) Tomorrow's lunch is my monthly gathering of speculators and everyone is supposed to bring to the table a good idea. I am fresh out of ideas, and so will probably just corrupt the process by suggesting ... uhmm, let's see: (a) Borrowing USD, and (b) Using 50% of the loan proceeds to buy equal weight of - Gazprom uk.finance.yahoo.com Lukoil uk.finance.yahoo.com Norilsk uk.finance.yahoo.com Yukos uk.finance.yahoo.com BTW, I think Russia is at or close to the secular bottom, before Japan, and is ready to take its place in the sun again. Given all the problems still going on, resources are probably the way to bet there, because of all the different ways a Russian resource position can be bailed out (global inflation, China demand, Russian recovery, Saudi implosion). (c) Using 50% of the loan proceeds to backup the shorting of NEM Puts 35 in successive waves, until the USD citadel is breached like a boiled egg in an egg cup, and (d) Using the proceeds of NEM put premiums to buy Indorama Message 19288988 in WAT-WOT tropical front. Chugs, Jay