Summary:
Got thumped for a 1.4% loss today. Not very surprising given the big portfolio run up this month. The big loser was ALSWF, which dropped 5%. I had bought some for my sister on Friday and this left me kicking myself for that trade, though I think it will work out in the end. Today’s drop didn’t cause me much worry.
No trades today.
Positions:
Long: JEQ NXG HBMFF ALSWF FFHL XSI NTLRF EXDUF GREXF MLKKF QADMF SHERF OKOFF OCNF ESEA MVO BWLRF.
Short: GCI HBI HLS MNI AMZN YHOO.
Options:
Cash: 21.9%
Short Pct: 13.4%
Trades: none.
Read:
Stocks Researched:
Hours spent on market: 1.0
Positions most worried about: XSI, can’t get in touch w/ management.
Positions most sanguine about:
Biggest market worries: rate rise induced meltdown
Thinking about:
Outlook ( up-flat-down surety rating: 1-5 reasoning):
US: down, 2.0; rates are rising, Bear Stearn and subprime getting worse.
Tech: ??
Japan: flat-down, 1.0; political wobbles and subprime resonance.
China: flat-down, 1.0; bubbly and subprime spread.
Silver: flat s/t, 2.0, price action; l/t up, 1.0, industrial demand.
Gold: flat 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, but busy w/ a special project.
Previous night sleep and exercise: 6.0 hrs; biking on Saturday.
Mood: calm.
