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

To: pezz who wrote (42825)	12/9/2003 11:38:02 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hello Pezz, Report: I am committing to buy 14 tranches (that's right, 42 dollops) of China Life (HK.2628) at HKD 3.61/shr, which requires me to put up HKD cash in the quantity of 4.7% of my gross asset. I either would have to convert my ever precious non-USD/HKD for, or draw down a line of HKD credit. I decided to draw down credit, because non-USD/HKD are more precious than USD/HKD. The hope is of course that I get allocated enough China Life IPO shares to make the effort worthwhile (will probably/hopefully get allocated 2 out of 42 dollops) and that the share jumps 40% on IPO day next week. If USD/HKD tanks relative to other currencies within the next few days, no matter, because I did not give up my non-USD currencies to do this trade ;0) If USD/HKD helicopters relative to other currencies within the next few days, all the better, because I can use the returned portion of the IPO-wager line of credit to buy paper gold :0) Now, should world equity markets collapse 20% during this dangerous game, I am stuffed. I am travelling to Beijing tomorrow for 7 days. Chugs, Jay

To: pezz who wrote (42825)	12/9/2003 4:15:39 PM
From: TobagoJack	Respond to of 74559

Good morning, Pezz, Report: I bought 2 dollops of each of the following - Phelps Dodge uk.finance.yahoo.com at USD 68.94/95/shr Inco uk.finance.yahoo.com at USD 37.42/shr FrontLine uk.finance.yahoo.com at USD 25/shr ... because while USD cash may bounce at sometime, anytime, for the LT, it isn't any good. Why wait to put on the parachute if there aree only so many of them? Chugs, Jay

To: pezz who wrote (42825)	12/9/2003 5:08:40 PM
From: elmatador	Read Replies (1) \| Respond to of 74559

No. It is not unclear. Have a look. Do a quick lurking. You will see that there are quite a few people in SI whose postings start with ROTFLMAO or LOL!! When a posting starts with that it means the person disagrees, but has no logical argumentation to counteract. Yourself being a case in point. Should I say I am having a debate here with you or should I say I can win b te power of my argumentation anything you can throw here? Come on! Try to persuade us here that that block of ice inside the water a.k.a the ice cap is going to melt and the oceans level is going to raise. Ok, Now is my turn: LOL!