Summary:
Had a strong first week of April up about 5.5%. Pretty much everything was up (my shorts included).
I added to SNEN, XSI, and AHR. SNEN announced they are moving operation out of a downtown facility which they will be able to realize rental income on. This combined with decent earnings and the opening of 3 CNG stations is good news which I believe still hasn’t been factored into this beaten down stock. I added to XSI after listing to their conference call, which has some heady growth predictions (I will publish an analysis soon). AHR just got more money and has a 17% yield. I sold some ALSWF — this were order I placed when I bought more in the 11s to assuage my feelings of overweightedness. I also sold short more KBH on its run up.
I’m hoping this updraft can last a little longer. I have a bunch of sell orders in and hope to hit some of those before things head south again (I’m pretty sure they will).
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: 4.0?
Short Pct: 11.2?%
Read:
Stocks Researched:
Positions most worried about: feeling sanguine.
Positions most sanguine about:
Biggest market worries: the next Bear Stearns
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: back home.
Weekly sleep and exercise: biking and soccer. Sleep ok but not enough.
Mood: decent
