Summary:
Yet another week with almost no movement. Nevertheless I did more trading. I opened a position in WHX, an oil and gas trust sporting an 18% dividend. It was recommended by a knowledgeable poster and I like the dividend, exposure to oil, and diversification from my other holdings. I also started a position in SFI, a mainly commercial REIT. It also has some residential exposure, which might explain the 22% yield. Obviously a yield like this implies some risk, but it was well recommended. I also added som CNEH and RICK, and bought some CMO November 12.5 and ANH January 7.5 calls. I was also assigned my ANH July 10 puts (ouch!). To finance these purchases, I sold some NRF, XSI, and newly acquired ANH.
The crystal ball is really cloudy right now.
Positions:
Long: ACY AHR ALSWF ANH CHNG CNEH EPMWF GA GREXF MDNNF MEAOF MLKKF NLY NRF QADMF RICK SFI SGTI SNEN XSI WHX
Short: GCI KBH MEG MNI TOL.
Calls Long: ANH Jan 7.5; CMO Nov 12.5.
Calls Short: NRF Jun 12.5.
Puts Short: ANH Jul 10; CMO Jun 12.5, Aug 12.5; KBH Jun 20, July 15; LEN Jun 17.5; MFA Jul 10; NLY Jul 20, Oct 17.5; NRF Jun 7.5, Oct 7.5.
Cash: 4.9%
Short Pct: 9.9%
Read:
Stocks Researched:
Positions most worried about: .
Positions most sanguine about:
Biggest market worries: I die of boredom.
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: project work ok but need to do more. Recovered from cold.
Weekly sleep and exercise: some exercise. Sleep decent.
Mood: a little impatient
