Summary:
Up 0.5% today to end my first down week in a while. Miners and ALSWF rose. Again NM caused me regret, as it jumped a further 9% despite the fact that it will issue 11.5 million shares on Tuesday (this will increase shares outstanding by 19%). I may try to get some shares through Fidelity, but I’ll have to see the price range. It seems anyway that the popular IPOs don’t allocate to individual investors like me, meaning if I do get anything, I probably will wish I hadn’t.
No trades today as was busy with other things. The AUY May 15 calls I sold expired worthless today. I note this with satisfaction, though had they been called, I’d be at least 1.25 richer on each of my AUY shares.
Positions:
Long: JEQ AUY SLW NTO NXG HBMFF ALSWF JAGNF FFHL EGLE AOB XSI NTLRF NLY MDN.TO DSX ONAV ETEL GREXF MLKKF SEA OCNF TBSI TRA
Short: LEN GCI HBI HLS MNI AMZN
Options:
Cash: 15.4%
Short Pct: 13.1%
Trades:
Read:
Stocks Researched:
Hours spent on market: 0.5
Positions most worried about: FFHL, reporting seems suspicious. Metals, due for a drop.
Positions most sanguine about:
Biggest market worries: metal meltdown.
Thinking about: shorting more. Adding MLKKF, EDVMF, ROY.
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: ??; price action, but getting bubbly.
Silver: flat-down s/t, 2.0, price action; l/t up, 1.0, industrial demand.
Gold: flat-down s/t, 2.0, price action; l/t up, 1.0, industrial demand, GFMS study.
Copper: flat/down, 2.0. Stabilizing stocks.
Zinc: up, 2.0. Declining stocks.
Real life: Busy with studies.
Previous night sleep and exercise: 5.0 hrs; 30 mi bike ride Sunday.
Mood: Tired, a little stressed.
