Summary:
My weekly losing streak stretching back to May remains intact unfortunately. Was down 1.4%. Losses in pretty much every sector. Even July 4th didn’t give respite as my Canadian holding fell.
I added more RICK, shorted more GAP and shorted PCLN. At some point lesser air travel and drying up of bargain flights has to affect online ticket providers doesn’t it?
I still expect a turnaround sometime, but hope I’m not turning into Abbie Joseph Cohen.
Positions:
Long: ACY AHR ALSWF ANH CHNG CNEH EPMWF GA GREXF MDNNF MEAOF MLKKF NLY NRF QADMF RICK SFI SGTI SNEN XSI WHX
Short: GAP GCI KBH MEG MNI TOL.
Calls Long: ANH Jan 7.5; CMO Nov 12.5.
Calls Short: .
Puts Short: ANH Jul 10; CMO Jun 12.5, Jul 12.5, Aug 12.5; KBH July 15; MFA Jul 10; NLY Jul 20, Oct 17.5, 16; NRF Sep 7.5.
Cash: 0.4%
Short Pct: 8.9%
Read:
Stocks Researched:
Positions most worried about: .
Positions most sanguine about:
Biggest market worries: general.
Thinking about:
Outlook ( up-flat-down surety rating: 1-5 reasoning):
US: flat-down, 2.0; still not out of the soup.
Tech: ??
China: down, 1.0; strong economy and has fallen alot, but this mkt sucks.
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: flailing away at projects.
Weekly sleep and exercise: lots of soccer and biking. Sleep decent.
Mood: decent
