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% for most of the day and the favorable odds probably should have been taken advantage of.

Sell orders I had on ETEL and AOB got hit today.  AOB was a regret trade – I did it because I regretted not having bought it earlier.  I should have got out much sooner, but I didn’t, so now I regret it even more but at least the infatuation is gone and luckily I didn’t commit much capital.  I may buy back ETEL.  I have to revisit the fundamentals.

Positions:
Long: JEQ NXG HBMFF ALSWF FFHL XSI NTLRF EXDUF GREXF MLKKF QADMF SHERF OKOFF.
Short: LEN GCI HBI HLS MNI AMZN YHOO TOL.
Options:
Cash: 34.8%
Short Pct: 19.1%
Trades: Sold AOB@9.00, ETEL@15.80
Read:

Stocks Researched:

Hours spent on market: 1.0
Positions most worried about: FFHL, reporting seems suspicious. XSI, can’t get in touch w/ management.  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.

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-up, 1.0. Strikes on the horizon.
Zinc: up, 2.0. Declining stocks.
Real life: Working on summer schedule.
Previous night sleep and exercise: 7.0 hrs; light biking Tues. Arm still bruised.
Mood: calm.