Summary:
Flat on the day. No huge moves, but shippers did well, and HBI fell almost 5% on bad earnings. Company execs say the restructuring in on track, but I’m sticking with my short. Added a couple more slugs of XSI today.
Positions:
Long: JEQ JSC AUY SLW NTO NXG HBMFF ALSWF JAGNF FFHL EGLE AOB XSI NTLRF TNH NM NLY MDN.TO DSX ONAV ETEL GREXF MLKKF SEA OCNF
Short: BKC LEN GCI HBI HLS MNI
Options: AUY May 15 call
Cash: 6.5%
Short Pct: 10.4%
Trades: Added XSI@1.70, 1.71.
Read: Economist on credit derivatives. Good read, nothing immediately actionable.
Stocks Researched:
Hours spent on market: 1.0
Positions most worried about: FFHL, reporting seems suspicious.
Positions most sanguine about: XSI, good talk with the CEO.
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, 1.0; 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. Presentation tomorrow.
Previous night sleep and exercise: 6.0 hrs; exercise bike yesterday.
Mood: Good.
