Summary:
Slight 0.1% gain today. I noticed on Friday that metals prices are rebounding and decided to review my metals positions. I looked at MLKKF andQADMF among others and decided I liked the fundamentals on the latter better so purchased some today.
I also put in an order for MMG which is developing a large zinc mine in Idaho, among other things. They are pre-production so don’t have revenues yet. I am relying on other poster’s research on this one, but it seems to have potential.
I am decided to add to my short of BSC and to reinstate my TOL short.
Positions:
Long: JEQ NXG HBMFF ALSWF FFHL XSI NTLRF EXDUF GREXF MLKKF QADMF SHERF OKOFF OCNF ESEA MVO BWLRF SEA.
Short: GCI HBI HLS MNI AMZN YHOO BSC LEN TOL.
Options:
Cash: 23.4%
Short Pct: 16.4%
Trades: added QADMF@17.20, shorted TOL@24.61, shorted more BSC@134.10.
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: 3.0 hrs; soccer Fri and light exercise Sunday.
Mood: calm.
