Archive for March, 2007

Daily Wrap 03/30/07

Summary:
Finished the quarter with an up 0.2% day. Most sectors were mixed, but TNH rose 6.5% on news of record corn crops. Probably the result of wasteful ethanol and corn subsidies. Our tax dollars at work.
I made several trades today. I bought ONAV, a shipper with a 13% yield and expansion [...]

Daily Wrap 03/29/07

Summary:
Up 0.4% today. Broke a four-day losing streak. Miners mixed once again but the big loser was EGLE. This may have been the result of a (small) drop in the Baltic Dry Index, an index of dry-bulk shipping rates. More likely it resulted from competitor DSX pricing a secondary offering well [...]

Daily Wrap 03/28/07

Summary:
Down slightly (0.2%) today. Miners were mixed and Japan down. TNH recovered a bit from its four day slide. FFHL jumped 9% on an upgrade from a little known firm called Maxim Group. I don’t give this much weight. Earnings please.
I finally had time to do some research. I was trawling [...]

Daily Wrap 03/27/07

Summary:
My losing streak extended to three days as I dropped 1% today.  My only green positions today were my short positions, ALSWF and NLY.
The general market was again sunk by housing woes, in particular a bad report from Lennar Corp (LEN).  On top of yesterday’s announcement that new-homes sales fell to a seven-year low, today [...]

If you recall, 2004 was a very volatile year for me, but things mostly worked out in the end. This was not the case in 2005. I began the year with over 90% of my (margined by 20%) portfolio still in NFI and IMH. I was also short about 60% of my [...]

Daily Wrap 03/26/07

Summary:
Finished down 0.4% on another sedate day.  Miners did generally well with LMGGF up 10%.  I have been meaning to add to the position, but with studies and other drudgery this one got away.  I will revisit it tomorrow.  Base metals , particularly copper, have been creeping up from weakness earlier in the year and [...]

Daily Wrap 03/23/07

Summary:
Finished down 0.5% on the day but up 2.4% for the week. Miners were mixed, Japan down slightly despite gains in the Nikkei last night.
My one trade was to sell a May 15 covered call on AUY. If on May 19th the price of AUY is above 15, my shares will be purchased [...]

Daily Wrap 03/22/07

Summary:
Ah the joys of freedom.  Finally finished the school quarter and glad to be able to relax, cure my various ailments and rediscover my stock portfolio, which rose by 0.2% today.  FFHL climbed 9% following yesterday’s 10% gain.  Still awaiting earnings and didn’t see other news.  XSI was my other big gainer, up nearly 5%, [...]

Daily Wrap 03/21/07

Summary:
A quiet day turned into a 2% gain after the Fed indicated it was less hawkish on raising interest rates.  I imagine the subprime meltdown has them worried about slower growth, though they seem to be worried about inflation as well.  In any event, the markets interpreted the statement as bullish for equities, since lower [...]

Daily Wrap 03/20/07

Summary:
Finished flat on the day.  ALSWF fell 4%.  I didn’t see any news.
As mentioned, I have a final on Thursday so won’t have much market time till then.
Positions:
Long: JEQ JSC LMC AUY SLW NTO NXG HBMFF ALSWF JAGNF FFHL EGLE AOB XSI KF UAHC NTLRF TNH LMGGF NM NLY MDN.TO
Short: BKC
Cash: [...]