Archive for June, 2007

Daily Wrap 06/29/07

Summary:
Managed 0.6% gain today but still ended the week down.   I added some EXDUF today on some positive due diligence by a couple of posters.  The fact it has dropped alot recently also was a factor.  I will probably look to sell this for hopefully a quick profit.  The batting average was great today.  [...]

Daily Wrap 06/28/07

Summary:
Managed another small gain of 0.2%.  XSI once again dragged me down and MLKKF lifted me up.
Two former holdings of mine, AUY and NTO announced they will merge.  AUY will do the paying and its stock tanked 9%.  NTO meanwhile rose 5% but is still below the offer price.  It was up less than 4% [...]

Daily Wrap 06/27/07

Summary:
Had a sliver of a gain 0.1%, but much better than my recent returns.    Probably overstates the upside as once again XSI, which had fallen to 1.60, rose .10 on a small amount of shares.  I was down much worse in the morning, but things recovered.  Was this one of those reversal days which portend [...]

Daily Wrap 06/26/07

Summary:
Got pummelled for another 1.6% today. Five straight loss have taken me down about 4.5% from my peak on June 19th. Not life threatening but it is causing me concern. I sold JAGNF today as I have less confidence in gold than industrial metals. I reduced some MLKKF as I [...]

Daily Wrap 06/25/07

Summary:
Fell 0.7% for fourth straight loss.  Markets feel weak.  The Bear Stearns fund blow up shows subprime woes are not over.  I’m shorting Bear tomorrow and maybe NFI as well if shares are available.  Housing also remains weak.  I added to my LEN short today.
Positions:
Long: JEQ NXG HBMFF ALSWF JAGNF FFHL AOB XSI NTLRF EXDUF [...]

Daily Wrap 06/22/07

Summary:
Down 0.3% today.  Third straight losing day and ended down slightly for the week.  Been trying to get in touch with XSI CEO.  If can’t will probably cut position and wait for their  2nd-quarter results.  I should probably do this anyway.  They announced several customer acquisitions in January which should have come on [...]

Daily Wrap 06/21/07

Summary:
Ended down 0.5% today.  Picked up some more TRA as their partly-owned subsidiary TNH (and my erstwhile position) continues to explode upward.
Positions:
Long: JEQ NXG HBMFF ALSWF JAGNF FFHL AOB XSI NTLRF EXDUF ETEL GREXF MLKKF TRA QADMF SHERF OKOFF.
Short: LEN GCI HBI HLS MNI AMZN YHOO TOL.
Options:
Cash: 26.4%
Short Pct: 14.6%
Trades: Added TRA@23.05.
Read:
Stocks Researched:
Hours spent [...]

Daily Wrap 06/20/07

Summary:
Ended down -0.6% today. FFHL rose another 8.5% today to make it almost 40% in the last 3 days.  They reported that the exterior of their new factory had been completed and expected production in April 2008.  Not sure this is overwhelming news but I added a little (before the news) as is seems to [...]

Daily Wrap 06/19/07

Summary:
I was up something like 1.0% today.  I say something like because Fidelity’s reporting of daily gains for pink sheets foreign stocks like ALSWF leaves alot to be desired.  I assume it all works out in the end but not on a daily basis.   Another suspect element of the number is that XSI jumped .10 [...]

Daily Wrap 06/18/07

Summary:
Up 0.15% today. FFHL jumped a newsless 7.5% and base metal miners did well. With a four day win streak, greed and impatience are beginning to supplant fear, but not sure where to deploy cash. Suppose I could buy more ALSWF.
I took a look at some of my sales to see [...]