Summary:
In Buenos Aires this week. Great city and so cheap. Most of my purchases have been wine rather than equities. I did get hit on some open sell orders for NRF and AHR, and sold some NLY Oct 17.5 puts.
Stabilization seems in the air.
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.
Puts Short: NRF Jun 7.5; KBH Apr 15; ANH Jul 10; MFA Jul 10; NLY Jul 20, Oct 17.5.
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: in Buenos Aires.
Weekly sleep and exercise: lots of walking, some light biking, and soccer. Sleep irregular.
Mood: good
