Summary:
Gave back 0.6% today. Most of this was due to a 6.5% drop in XSI. This is good as I want to buy more. On the plus side, tankers such as ONAV and EGLE, were up.
Added to my GCI short. Nothing in their earnings release leads me to believe anything other than they are headed into the dustbin of history. Also had an AUY covered call executed on me.
Positions:
Long: JEQ JSC AUY SLW NTO NXG HBMFF ALSWF JAGNF FFHL EGLE AOB XSI UAHC NTLRF TNH NM NLY MDN.TO DSX ONAV ETEL GREXF MLKKF SEA
Short: BKC LEN GCI HBI HLS
Options: AUY May 15 call
Cash: 5.4%
Short Pct: 8.1%
Trades: Shorted more GCI@57.00, covered call on AUY executed@12.50
Read:
Stocks Researched:
Hours spent on market: 1.0
Positions most worried about: FFHL. Reporting seems suspicious.
Positions most sanguine about: Japan, good economic data continues. XSI, good talk with the CEO. Miners.
Biggest market worries: economic softness in the US
Thinking about: shorting more. adding XSI, MLKKF.
Outlook ( up-flat-down surety rating: 1-5 reasoning):
US: flat, 2.0;
Tech: ??
Japan: up, 2.0; strong GDP, but weak international markets
China: up, 1.0; price action
Silver: up, 1.0
Gold: up, 2.0; GFMS study
Copper: ??
Zinc: ??
Real life: Busy with studies.
Previous night sleep and exercise: 7 hrs; light exercise yesterday.
Mood: Good.
