Party has just started and I thought your target for SXY was 20cents. You seem to chop and change strategy quite a bit. Oil stocks rising on US market strength over night alone (not oil price). Wait until the oil price plays along. Sure there will be pull back on the way back up that's just the way stocks move.
I spent about an hour on the Singapore stock exchange last night trying to find a quote (or a ticker symbol or a chart) for those notes with no success. I could find all the announcements that have been lodged but no ticker number. Call me dumb.
In any case it would be interesting to see how many cents in a dollar those notes are trading for as the trend now is for companies to buy back notes if they are trading at discount rates. You only got to look at FMG to see this.
Eshmun
Ann: New $100 million Loan Facility Secured, page-5
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