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

To: pezz who wrote (55887)	11/12/2004 3:15:33 PM
From: TobagoJack	Read Replies (3) \| Respond to of 74559

Hello Pezz, More Reports: I am feeling uncomfortable, and so have placed orders to sell (a) 12% of my total Canadian Oil Sands holdings @ CAD 58ish. Specifically the tranche purchased at CAD 43 Message 19559609 <<December 3rd, 2003>> (b) 28% of the my total Canadian Oil Sands holdings @ CAD 58ish. The two tranches bought here Message 19743755 <<January 28th, 2004>> at VAD 49. I still hold COS bought at 39ish Message 19419437 <<October 21st, 2003>> and at Message 19005086 <<June 5th, 2003>> CAD 35.60. (c) All of my Cameco @ CAD 101. Purchased at CAD 88.75 Message 20486313 <<September 3rd, 2004>> (d) All of my Algonquin Power @ CAD 9.93. Purchased at CAD 9.34 Message 20327245 <<July 20th, 2004>>, and collected two dividends. It is perhaps best to run while the running is still good, or, if one knows one will panic, it is then perhaps best to panic first. Chugs, Jay

To: pezz who wrote (55887)	11/14/2004 2:46:29 PM
From: gg cox	Respond to of 74559

Even the Canadian Pension Plan has some ZICA, that doesn't say much though..they have NT too...lots of trusts in the mix. cppib.ca

To: pezz who wrote (55887)	11/15/2004 11:55:53 AM
From: TobagoJack	Respond to of 74559

Hello Pezz, Tonight’s Looting: While I did not turn 180 degrees on this Canadian Cameco trade done last Friday … http://www.siliconinvestor.com/readmsg.aspx?msgid=20762528 <<Sold … (c) All of my Cameco @ CAD 101. Purchased at CAD 88.75 Message 20486313 <<September 3rd, 2004 … It is perhaps best to run while the running is still good, or, if one knows one will panic, it is then perhaps best to panic first.>> … I did just go across the southern border of Canada and shorted a tranche of Cameco June 2005 Put strike 75 and looted a premium of USD 4.60/shr. I made a bargain with the market gods, promising to buy back at USD 75 of what I sold at CAD 107.39 Message 20766947 (or USD equivalent 89.30) … I figured why not loot some more even as one panic runs from an earlier loot ... :0) Chugs, Jay P.S. Message 20763761 <<perhaps I will luck out and it will collapse first, either that or my Australian Energy Resources will catch up ... or something ... or I just end my agony and buy back on Monday ... or something else, like a put/call straddle ... I will see when I see ... there are always ways to skin the elephant>>

To: pezz who wrote (55887)	11/16/2004 1:08:21 PM
From: TobagoJack	Read Replies (3) \| Respond to of 74559

Hello Pezz, Tonight's Report: (a) I surrendered all of my long Put positions (housing, FNM, QQQ), unable to suffer the time decay of such instruments. No, I do not need to tally, for I know the losses are enormous, both percentage-wise and psychology-foolish. But no more pain from a death of one thousand nibbles, one minute at a time. (b) I also closed out my MDY and QQQ short positions, choosing to take the loss rather than be run over by December/January. (c) The directed shorted housing positions remain so, to be reinforced in good time, and hopefully the best time. YTD gain on overall portfolio is 10.57%, and so it is as good time as any to recognize some losses and appreciate what remains after the recognition. Chugs, Jay