Summary:
Went on vacation this week so wasn’t following things so closely. Believe I was about even though SNEN weighed.
I closed PHM early in the week when the market seemed headed up. I got a house call from all those puts and got rid of QMAR and OCNF, in addition to reducing CHNG and XSI, to raise cash. I also swapped some ANH for CMO. I bought some ANH at 4.60 on Friday but decided I didn’t want to hold it so sold at 4.72.
The mess continues.
Positions:
Long: ACY AHR ALSWF ANH CHNG DSSPF EPMWF FFHL GA GREXF MDNNF MEAOF MLKKF MMG NLY NRF ONAV QADMF SGTI SNEN XSI.
Short: GCI KBH MEG MNI TOL WM.
Options Long:
Calls Short: NRF Jun 12.5; KBH Apr 35; ONAV Mar 15 .
Puts Short: NRF Mar 7.5, Jun 7.5; KBH Apr 15; ANH Jul 10; WM Mar 12; MFA Jul 10.
Cash: ?
Short Pct: ?%
Read:
Stocks Researched:
Positions most worried about: ALSWF (despite great results what if I’m wrong), SNEN.
Positions most sanguine about:
Biggest market worries: recession spreading beyond US
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: off to Brazil and Argentina.
Weekly sleep and exercise: have been having some heel pain, probably planar fascitis so been biking but no soccer or boxing. Sleep fairly regular.
Mood: calm, good
