Summary:
Another volatile week. Tuesday i was down more than 3% and Wednesday and Friday I was up more than 1.5%. Overall I finished the week down slightly. I rose cash from slightly margined to slightly positive.
Only made two trades today: I finally got rid of NXG, which has underperformed for a long time and added some MMG.
Positions:
Long: HBMFF ALSWF FFHL XSI EXDUF GREXF MLKKF QADMF SHERF OKOFF ESEA MVO BWLRF SEA DRYS DSX ONAV ERF HTE ANH ANH-A CHNG NM PRGN GMO QMAR CMO-A AHR MMG
Short: GCI HLS MNI YHOO LEN TOL.
Options:
Cash: 2.0%
Short Pct: 8.6%
Read:
Stocks Researched:
Positions most worried about: fairly sanguine despite the carnage. World economy remains strong as do natural resource prices and tanker rates.
Positions most sanguine about:
Biggest market worries: credit worries 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: up, 1.0; strong economy.
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.
Weekly sleep and exercise: soccer, biking, swimming, etc. Sleeping somewhat irregular but sufficient
Mood: calm.
