hello pezz, today's report:
(a) sold a mess of skf @ 140/+ on auto-pilot sell order;
(b) sold some july strike 140 covered calls on remaining and un-call-covere skf, at i am not sure what price (guessing 10+ on auto-pilot mkt order phoned in during my day) but sure to be acceptable in all cases;
the above skf trades are a part of this series Message 24663269
now all my skf are either sold or obligated until july option expiration time. the journey has been very good and may we always be able to count on such generous and fortunate blessings, amen.
(c) am offered 520 acres of land with mineral, water, and gushing oil rights adjacent to buddy's 100k acres in utah.
drilling starts on buddy's land in sept based on existing option agreement with an arm of an oil major signed some years ago, to tap light green crude. will go 50/50 with buddy to feel participative, and cared for, as i have no intention of visiting utah on any frequency other than perhaps a summer camp out at some juncture.
the pricing for the entire 520 acres of oil-infused land is less than the price of space in just about any hkg home for a grand piano, excluding of course the cost of the grand piano, and as far as i can make out, about 1/6 of the multi-year option premium for drilling contracted for several years (4?) back before crude became rude.
all in all presumably an ok buy-and-hold until kingdom-comes deal, relatively speaking. i will treat the investment as either a real estate play and/or a private equity gambit on my allocaion table, or as just artwork valued at nil ;0)
lesson: good friends are good
point-of-destination: now let us see whether the wastrel seller is in fact desperatye enough for paper money to go through with betraying his kins' legacy.
comment: usa congress may up margins all it can to 100% and try to cap speculation in energy, but i am guessing that energy will become still more dear, atleast in paper money terms, because there are too much 100% margin money around
(d) to-do's: on last day in guizhou, but it appears hkg is under attack by typhoon (signal 8, everything shut down and tight), so may not be able to leave guizhou tonight unless we fly north to any city that may offer more flights to hkg once the typhoon clears the area
probably will just hang out here for another day
the trip has been fruitful, and offers a good opportunity to do good, as well as prospect for opportunities to do well, and inte worst case, make some friends. i am bullish on guizhou, because i feel its people are energized, policy-supported, methodical, and the elixir of life, that being know-how, is circulating.
(e) next week will also be travel intensive, to shanghai and then guangzhou, to start stratigizing for domination of global solar energy market's feeding chain on paid basis, and
then to scheme around an existing china i-bank license, i.e. engage with the business that is wrapped around the license, broker it on some basis, to channel hot money, tap into data flow, and speculate.
(f) on general market, a crashing moment may soon be, who can know, and that means opportunities may become plentiful. we wait, until we see the red threads in the white of their frenzied eyes, and then have them lobster sashimi style.
otoh, i also feel that perhaps nothing will happen, because the empire's end is still off for a bit, who can be certain, and that means cash is trash, to be positioned here and there, by and by.
what fun, like a game of on-line unreal tournament last man standing deathmatch.
chugs, tj |
