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

To: Seeker of Truth who wrote (49676)	5/8/2004 4:13:16 PM
From: energyplay	Read Replies (1) \| Respond to of 74559

Now about 10% cash and 10% long puts....so net about 60% long. One characteristic of long bear markets are slow long declines puntuated by short, sharp rallies. Drop 25% in 6 months, then up 11% in 5 days.... The sharpest rallies occur during long market declines. The USD has been dropping for a long time, and is likle to fall a lot more. The steepness of this dollar rally actually tends to confirm the bearish view. Congrats to Taikun, Spotted Cat, Jay, Malcolm and AC - anytime you can avoid one of these spikes then ease back into positions when they are going up (maybe at better prices) you come out way ahead long term. As for me, well one trading account was up 10% on Wednesday vs. last week then back down by Friday for a net gain of about 0.5 %.....my broker made more than me this week.

To: Seeker of Truth who wrote (49676)	5/8/2004 6:14:01 PM
From: Taikun	Read Replies (1) \| Respond to of 74559

Malcolm, First of all, I am honored by your suggestion I am smart. I am not as smart as most of the people on this thread, but I aim trying to be openminded, because I want to learn. Let me know if I'm not. As a Canadian, though, can you set up a Canadian corporation for your investment accounts and pay the lower corporate income tax rate on capital gains, then issuing dividends to yourself - which would be taxed at personal income tax rates, but depending on the timing you'd be in a lower tax bracket (ie retirement)? Would you pay lower corporate income taxes? Are the filing fees nominal? Just a thought. T

To: Seeker of Truth who wrote (49676)	5/10/2004 4:42:44 PM
From: energyplay	Respond to of 74559

Congrats to the Cash Kings ! (I'm still way long, about 10% cash) From Malcolm Bersohn at May 8, 2004 --- "Cash balances: Taikun: 65% Spotted Cat: >70% Jay: 43% All these smart people are well protected from the storm. Everybody is roosting in the place of maximum comfort, so they can sleep nights." Decline overs Advances by about 10:1 ! One stock tha was up was PAL from 8.80 down to about 8.00 than up to close at 9.20, +0.31. NYSE hit much harder than Nasdaq. I think US/ Canadian dollar hit royalty trusts, plus Saudi Arabia talking down $40 barrel oil. USD/ japan yen also in a big move....EWJ, japan i-Shares, down 6 % USD now buys 113 yen. Anything much over 115 should make Japan a very good buy from USD space - but wait, we might see 120.