Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: pezz who wrote (62445)	4/4/2010 8:31:34 AM
From: TobagoJack	Respond to of 217547

I fear for the planet

To: pezz who wrote (62445)	4/6/2010 6:24:52 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217547

hello pezz, last night's report: (i) shorted GDX Put strike 46 April @ USD 0.64 (ii) shorted GDX Put strike 46 June @ USD 2.41 after just a few days of executing this action Message 26429879 short a whole lot of gdx put options, may, strike 46, at 2.17 average starting out from this stance Message 26414156 because i am 'bullish' on - euro piigs ;0) - usa mid-term elections - budgets of california and some 40 other states of the union - geithner put, bernanke promise, capitol hill lie, and obama spin - china boomlette - japan anguish and because i need to book either income or engage with gdx inventory for april, may, and june, else i would not have anything to disengage from come later this year or earlier next year, just as i did for Message 26400403 2009 march, may, july, october and december, and 2010 january, february, and march. i find this globalized economy very strange, that one could just take money from thin air and spend it. whereas i did take quite a few stock valuation and option pricing courses while in graduate school, then able to derive, pencil on paper, the option pricing formulae from electrical engineering wave equations, neither of which i understood, i cannot say i ever did any dd due diligence on stocks, or exercised option formulae on calls and puts i try, instead, to exercise much astute agility as one must and would in on-line unreal tournament last man standing deathmatch cheers, tj p.s. i figure erita must learn risk and monopoly and kung fu well, and jack must immerse in risk, monopoly, kung fu, electronic gadgets, and computer games, and both must deal well with good folks by being generous at heart ... etc etc

To: pezz who wrote (62445)	4/8/2010 5:58:43 AM
From: TobagoJack	Respond to of 217547

hello pezz, today's report: (i) sent in my co-investment commitment letter to existing real estate club effort to engage with project on hk commercial / waterfront buildings by securing 90% of property and closeout the remaining 10% owners, demolish the buildings per officialdom policy for win-win-win (sellers, investor/developer, neighborhood) - purchase price at 30-40% below current mkt, imputed current cap rate is 6.3% on cost - equiv. land cost comes to hkd 11k/sft - target equity multiple is 2.8 over 6 years elapsed time - will find out actual allocation determination, drawndown, etc etc april 12 - will find out if club is successful in securing 90% at end of april - lease term on land is up to up to 24 June 2842, some what beyond my time horizon ;0) (ii) read, appreciated and laughed at chanos re bloomberg.com "China on ‘Treadmill to Hell’ Amid Bubble, Chanos Says" (iii) at leverage of 60%, and borrowing cost at usa 3-mth t-bill + 2%, the upside is good enough (iv) must play more with gdx and all its derivatives to help fund effort (v) do not see any hkg real estate bubble cheers, tj