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

To: pezz who wrote (46079)	2/11/2004 10:30:15 PM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

I know you know, but do not type the words that googlers might chance upon; not until I am done off loading, before the bright lights go out :0) There seems to be a panic on some discussion boards :0) Turn those machines back on, sell, for goodness sake, sell at all cost, but sell, the sky is falling, dial 1.800.GetIOut ;0) Did you know pig's orgasm lasts 30 minutes? J

To: pezz who wrote (46079)	2/12/2004 9:04:17 AM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

Hello Pezz, Today’s Third Report: I sold the entirety of my Anglo American Platinum and my SASOL in South Africa, and have moved the ZAR cash to GBP space. I sold these AngloAmerican Platinum Message 17596593 <<June 13th, 2002>> (buying at ZAR 458/shr) and Message 18897343 <<April 30th, 2003 … ZAR 197>> for ZAR 305/shr, losing 8% (accounting for dividends) on the aggregate trade in ZAR terms, but gaining 23% when accounted for in USD measure. Moral of the trade? When all else fails, average down might work; dividend is good; and strengthening currency is also good. I sold SASOL Message 18141229 <<October 22nd, 2002>> at ZAR 103, recognizing a 4% loss in ZAR measure, but when considered in USD term, gaining 29%. Of course, if I choose to do my accounting in Zimbabwe Dollar terms, I would be up thousands of percent ;0) I sold the above two because they failed to perform, even as the underlying commodities rose in price, but in USD terms, the cost in ZAR was rising even faster. I still hold Impala Platinum (which accounts for 50% of my ZAR wagers) in ZAR territory that was bought Message 17596593 <<June 13th, 2002>> (ZAR 623) and Message 18693558 <<March 12th, 2003>> (ZAR 464), which is now at 592, and the position is in ZAR positive gain mode, and in USD massive positive gain mode. J