Summary:
I gained about 2.0% this week as SNEN moved sharply higher. Without that gain I was marginally down. SFI continued to get pounded. I sold out before earnings near the low. All in all a horrible performance. At least my position was small.
In addition to the SFI sale, I added some CMO and SNEN before the rise, and covered my WB short for a small profit. It promptly moved up and I probably should have re-shorted.
I continue to be cautiously (very cautiously) optimistic about my positions, but further pressue would not surprise me.
Positions:
Long: AHR AHR-C ALSWF ANH EPMWF GREXF MDNNF MEAOF MLKKF NRF QADMF RICK 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: CMO Aug 12.5; NLY Oct 17.5, 16; NRF Sep 7.5
Short Pct: 5.1%
Read:
Stocks Researched:
Positions most worried about: .
Positions most sanguine about:
Biggest market worries: another financial blowup.
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, 2.0; strong economy and has fallen alot, looks like turning around.
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.
Real life: getting more accomplished.
Weekly sleep and exercise: lots of soccer, some biking, and resumed boxing training. Sleep decent.
Mood: good
