Summary:
Finally a positive week: my portfolio rose almost 3%. The week started off badly, with my Canadian investments taking big hits on Monday while the US markets were closed. The rate cut helped on Tuesday, and a good Thursday put me into plus territory.
I don’t think we’re completely out of the woods, but feel we will have at least a short-term bounce, and decided to get a little more aggressive. This sentiment was fueled in part by NRF, which rose on declaring its usual quarterly dividend of .36. While I’m less sure about the general market, I like what I own and added NRF, SNEN, CHNG, and ALSWF (though I swing traded the first two later in the week). I also bought some NLY, another agency MREIT which should profit from lower interest rates. To finance these moves I sold CMO-B and ANH-A. Finally I added to shorts of KBH and TOL after these exploded upwards.
Positions:
Long: ALSWF ANH DRYS FFHL GA GREXF MDNNF MLKKF MMG NRF ONAV QADMF SNEN XSI NFIYF SGTI MFA GDOCF AHR NLY
Short: GCI KBH MEG MNI TOL WM.
Options:
Cash: 4.0
Short Pct: 10.5
Read:
Stocks Researched:
Positions most worried about: .
Positions most sanguine about:
Biggest market worries: credit contagion fear-induced meltdown
Thinking about:
Outlook ( up-flat-down surety rating: 1-5 reasoning):
US: flat-down, 2.0; credit woes.
Tech: ??
Japan: not invested – don’t care anymore.
China: up, 3.0; strong economy.
Silver: up s/t, 2.0, price action; l/t up, 1.0, industrial demand.
Gold: up s/t, 2.0, price action; l/t up, 1.0, industrial demand, GFMS study, US$ weakness.
Copper: flat-down, 2.0. China, but stocks rising.
Zinc: flat, 2.0. Stocks stabilizing.
Real life: working on projects
Weekly sleep and exercise: soccer. sleep ok.
Mood: calm, good
