Summary:
Was about flat for the week. XSI was the star, reporting they would exceed revenue guidance. I have added a stock rating for them. NRF also gained after maintaining their dividend at .36. Agency mortgage REITS were down.
For the week I added a tad more XSI (should have bought more earlier) and some SNEN, sold more than half of my ACY and tossed the last of my ONAV overboard. I also bought some more GREXF after a poster shared a recent positive presentation from the company. Finally, I sold CMO June and August 12.5 puts. CMO promptly fell causing me a bit of pique.
It was a very quiet week. A lull in the storm? I don’t have a strong sense but am, once again, cautiously optimistic about my own positions.
Positions:
Long: ACY AHR ALSWF ANH CHNG EPMWF GA GREXF MDNNF MEAOF MLKKF MMG NLY NRF QADMF SGTI SNEN XSI.
Short: GCI KBH MEG MNI TOL.
Options Long:
Calls Short: NRF Jun 12.5.
Puts Short: AHR May 5; ANH Jul 10; CMO Jun 12.5, Aug 12.5; MFA Jul 10; NLY Jul 20, Oct 17.5 NRF Jun 7.5, Oct 7.5.
Cash: 5.0%
Short Pct: 9.8%
Read:
Stocks Researched:
Positions most worried about: ACY – repair costs, airline customer woes.
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; still not out of the soup.
Tech: ??
China: up, 3.0; strong economy and has fallen alot.
Silver: flat s/t, 2.0, price action; l/t up, 1.0, industrial demand, but price rises.
Gold: who knows? has risen alot.
Copper: flat-up, 2.0. China demand.
Zinc: flat, 2.0. Stocks stabilizing.
Real life: pretty productive week but must step up even more on website .
Weekly sleep and exercise: biking to school and soccer on Sunday. Sleep ok but need more.
Mood: good
