falankestock
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Wednesday, November 11, 2009

November 11th, 2009 Dealing In China

Back in the 90's, I purchased a property sitting on a farmland in Wenzhou, China.  Since then it's been used by a Christian church, rent free.

Well, I'm selling it now...  it's a MBO (management buyout). 

I'm getting calls from the Christian "management" there...

Wu:  Brother Falanke
Falanke:  Brother Wu
Wu:  By the mercies of God, you need to come out here soon to do the paperwork.
Falanke:  Oh... ok.
Wu:  By the US gov't, you need to bring a proof of singleness.
Falanke:  Ah?  Huh?  Um...  a proof of singleness?
Wu:  Yeah, that you have no bickering wife who will lay claim to the title once you transfer the property to me.
Falanke:  Oh...  um...  (I am not planning to marry a bickering woman, btw).
Wu:  So go to President Obama and get one.
Falanke:  Gosh, I don't think anybody in America can prove that I'm not married.  Geez...  I mean, there's a marriage certificate thing issued by the state government...  But I don't think there's a singleness certificate.  (Anybody out there has a single certificate?)
Wu:  Whatever, you need a single certificate issued by the US gov't to close this transaction.  Please do it by the end of the year before the tax laws in China changes, ok?
Falanke:  Um... ok.

If any of you know anything about a proof of singleness, please help.  Thanks. 


November 11th, 2009 Where Is Everybody?

I'm at the office... around 6pm...  Hmm...  it's awfully quiet out there.

I stick my neck out to see...

By golly, I'm the only one left in the office.

Life in a PE firm, everybody goes home early...

I call my bankers in Hong Kong...  they're all slaving away still.

Oh well, I'm going home now...  it's 7:30pm.  But being one of the bosses, I'm on call all the time.


Tuesday, November 10, 2009

November 10th, 2009 Insider Information

Unlike those hedge fund managers out there, I don't do insider info.  No no no...

I do talk to CEO's and obtain detailed information that the public ignores.  But I don't cross the line and get that insider stuff.

Falanke:  Hey J...
J:  Hey Falanke...  Um, so...
Falanke:  So?
J:  Yeah, so what happened to that announcement?
Falanke:  What announcement?
J:  You know...
Falanke:  Oh...  Hmm...  I can't say anything because this company is publicly traded.
J:  Oh.  Why not?
Falanke:  (I thought I just told you...)  Um...  Did you see that HK movie about insider trading?
J:  What movie?
Falanke:  The one called Qie-Ting-Feng-Yun.  For all I know, my phone line could be tapped by the HK/PRC police by the Securities and Futures Commission.
J:  Oh really?  You believe so?
Falanke:  Yeah... so if I tell you stuff... we both go to jail for a minimum of 7 years.  Your husband wouldn't like that.
J:  Hahaha...
Falanke:  Anyway, I can't say anything.  Sorry.

Right now, even though I'm with a private equity firm, I still have access to public company information.  The last thing I want to do is to go to jail in Hong Kong or Commie China.

Remember what I've said before, when you come across a guy driving a Ferrari on the streets of HK, most likely, he got it illegally.  It's pervasive here.  And the HK Securities and Futures Commission is now finally cracking down...  in a serious and comprehensive manner.


Monday, November 09, 2009

November 10th, 2009 Islamic Jihadist...

That Major Hasan dude was a total Islamic Jihadist.

We gotta make sure that he lives to 99 in solitary confinement and deprived of all those 70 virgins from Alah.


November 9th, 2009 Sell


The Dow hit a new high for 2009.  But the S&P isn't there.  I would sell the market here, but I was asleep so I didn't.  Market will be range-bound, so swing trade makes sense here.



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