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 line in the 2nd quarter. I don’t think the stock is going to jump anyway so this is a hopefully costless way to judge their credibility.
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: 27.1%
Short Pct: 14.4%
Trades:
Read:
Stocks Researched:
Hours spent on market: 1.0
Positions most worried about: FFHL, reporting seems suspicious. Metals, continue to drop. How close are we to a bottom?
Positions most sanguine about:
Biggest market worries: rate rise induced meltdown
Thinking about: shorting more. but not sure what to do.
Outlook ( up-flat-down surety rating: 1-5 reasoning):
US: down, 2.0; rates are rising
Tech: ??
Japan: down, 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: Working on summer schedule.
Previous night sleep and exercise: 6.0 hrs; biked up Mt. Soledad Thurs.
Mood: good generally. a little impatient marketwise.
