To: TobagoJack who wrote (24532 ) 10/26/2007 10:14:58 PM From: Dr. Voodoo Respond to of 217881 Recent Days Report: I never lost any money by taking a profit <g>. As I was completely unaware of the timing of decision in looney land regarding energy trusts, my system told me to sell. So sell first, then tinker with system until convinced otherwise. Whether system involves tea leaves, small mammals, reflexology, astrology etc...... first follow system,,, tinker later. My take: 1.) Rate cut is priced in (86% believe at least 0.25, 16% of those believe 0.5 is warranted.) I believe the other 14% were trying chew shoelaces while sticking straws in their nose. 2.) Earnings thus far good. Guidance thus far ~ good. 3.) CFC reporting they will manufacture a profit next quarter no matter how many sets of books they have to keep. 3.) Merril up big on CEO martyrdom by way of golden parachute. 4.) Oil, gold and equities up, dollar down ad nauseum all the time gets boring. G7 complaint, Paulson lipservice, Fed must deflate exuberance from run on dollar. 5.) AMZN investors punished by script if for no other reason. 6.) Despite most enormous upside in last 24 hours, GC futs trading on lower volume than recent higher highs. So my wishful thinking begins in Mexico, where: W eather E nds. G old and O il S elling because H igh I nventories T urned up O verN ight. D ollar U p B ig, Y en A ppreciating. <ok, so this is very wishful thinking> News from the front: Thanked the MSFT people for giving me ~10% free money for only 3 days effort. Had to know software was going with all those chips INTC was selling. Message 23996064 Kicked self for not buying BG at your behest. Kept waiting for cheap. Cheap never came. Can only hope that bean mashers are making as much money as bean movers. Perhaps 300 million fat little emperors cannot be wrong? Message 23985449 Message 23993448 Option prices being what they are, I was able to repair damage inflicted upon HNP position by: Selling Nov 50 Calls @2.30 Using said profits to scoop up Nov 45 puts @ 1.00, which may be needed in case of emergency. A neutral but happy solution that unwinds all worst case scenario in 3 weeks. A process that can be repeated to infinity and beyond :) Though tempting, alas, science called and I was not able to deploy troops into AUY again, perhaps still time on Monday to sell calls to the undeserved, reaping benefits, plowing into puts, for projected near term win, long term win, worst case win again.