Summary:
Capped off a good two weeks up 0.7% for the day. Made most of my money today in miners, with small contributions from Japan. All my China-related plays were down. Miners have done well as base metals like copper are recovering, while precious metals continue to trend up.
ACY and TNH recovered today, the former by 17%. Buy? Not here. A 27 PE for a leasing company seems a bit rich. Maybe I should be viewing it as a growth story? Maybe but I’ll pass for now. I’m not as sure on TNH. This does look like a medium-term growth story because of agricultural demand and my current position is quite small.
I added to LMGGF today but only got partialed.
Positions:
Long: JEQ JSC LMC AUY SLW NTO NXG HBMFF ALSWF JAGNF FFHL EGLE AOB XSI TDF KF UAHC FF NTLRF TNH LMGGF NM
Short: JCG BKC
Cash: 2.1%
Trades: bought LMGGF@13.81
Read:
Stocks Researched:
Hours spent on market: 0.5
Positions most worried about:
Positions most sanguine about: Japan
Biggest market worries: None
Thinking about: buying back some TNH
Outlook ( up-flat-down surety rating: 1-5 reasoning):
US: up 1.0 ??
Tech: ??
Japan: up 3.5, good GDP
China: up 3.0 economic growth, Economist article 2/8/07
Silver: up 2.5, industrial, china demand
Gold: up 2.5, dollar weakness, china demand, price action
Copper: ??
Zinc: up 3, low LME warehouse stocks
Real life: research at a roadblock, getting a little worried about some deadlines
Previous night sleep and exercise: 6 hrs, light exercise on Tuesday
Mood: anxious. mainly studies.
