Summary:
Had a resounding comeback of 2.4% today. Of that, 1.9% was from XSI, which rocketed 15%. I’m hoping this means someone knows something good about the company, but its impossible to tell. With volume of 43K, this move was actuated by less than $85K, so I’m not counting on these gains to last just yet. QADMF also had a nice day. Copper prices soared on an unexpected drawdown in physical stocks in Shanghai. I added some shares.
It would have been an even better day had I not bludgeoned my tanker holdings yesterday. They recovered a bit today.
Positions:
Long: JEQ AUY SLW NTO NXG HBMFF ALSWF JAGNF FFHL AOB XSI NTLRF NLY MDN.TO ETEL GREXF MLKKF SEA TRA QADMF NM
Short: LEN GCI HBI HLS MNI AMZN YHOO
Options:
Cash: 23.9%
Short Pct: 15.8%
Trades: Bought QADMF@11.06.
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, 1.0. Shanghai stock drop on 5/25.
Zinc: up, 2.0. Declining stocks.
Real life: Busy with studies.
Previous night sleep and exercise: 6.5 hrs; short mi bike ride Wednesday.
Mood: Calm.
