Just as well the Prime Minister didn’t claim “mission accomplished” when he visited Ntaria (Hermannsburg) yesterday. His famous “medical checks” of the kids only reached 210 out of 290 of the children at the community, barely 70%.

Sensis (Telstra subsidary) staff are not being paid their personal PDP or company bonuses this year even after 8% growth. The management announced this to its staff in small business unit meetings. No comms was sent out on email as they are scared that it will be leaked to the media. The reason given was that the target was double digit growth. Let’s not forget that Sensis is a huge chunk of Telstra revenue and Sol is bagging 20 million big ones this year.

I have recently done doorknocking for Jim Turnour, ALP candidate for Leichhardt in Qld. After I put $500 on Jim with Portland last Saturday, the pay out dropped from $4 to $3. My point is little money has been invested, voter views are clear. The smarties haven’t cottoned on yet.

I’ve heard that the Queensland Liberals owe Australia Post a sh-t load of coin (in excess of 120k) from last year’s state election and nothing has happened to allow them to recover the debt. How can they be allowed to not pay their debts?

Re. the editing of Wikipedia, there seems to have been someone at work on the University of Melbourne’s entries.

From the grassy knoll: Someone has placed a $4.5 billion options bet on catastrophe within four weeks. The two sales are being referred to by market traders as “bin Laden trades” because only an event on the scale of 9-11 could make these short-sell options valuable. There are 65,000 contracts @ $750.00 for the SPX 700 calls for open interest. That controls 6.5 million shares at $750 = $4.5 Billion. Not a single trade. But quite a bit of $$ on a contract that is 700 points away from current value. No one would buy that deep “in the money” calls. No reason to. So if they were sold looks like someone betting on massive dislocation. Lots of very strange option activity that I haven’t seen before. The entity or individual offering these sales can only make money if the market drops 30%-50% within the next four weeks. If the market does not drop, the entity or individual involved stands to lose over $1 billion just for engaging in these contracts! Clearly, someone knows something big is going to happen BEFORE the options expire on Sept. 21. Read more here.

Peter Fray

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