Summary:
Got pounded again. Not sure since didn’t note down but probably 20%? Near the end of my gains from the last two year. ALSWF is just tanking but so is everything else. Where does this end? SGTI reported 4Q EPS of .16/share and annual of .52, on an under $3 stock. Would seem a screaming buy in normal times.
I sold more ANCI (formerly XSI), some QADMF, shorted CRM and added some NRF-B. Can’t believe the yields here.
Are we out of the soup? Probably not
Positions:
Long: AHR AHR-C ALSWF ANH EPMWF GREXF MDNNF MEAOF MLKKF NRF NRF-B QADMF RICK SGTI SNEN XSI WHX
Short: GAP GCI MEG MNI TOL.
Calls Long: CMO Nov 12.5.
Calls Short: .
Puts Short: NLY Oct 17.5, 16; NRF Oct 7.5, Dec 7.5.
Cash: ??%
Short Pct: ??%
Read:
Stocks Researched:
Positions most worried about: MLKKF, QADMF: though copper may be stabilizing.
Positions most sanguine about:
Biggest market worries: more LEH.
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.
Silver: flat s/t, 2.0, price action; l/t up, 1.0, industrial demand, but price rises.
Gold: who knows?
Copper: flat-down, 2.0. US demand falling.
Real life: somewhat productive.
Weekly sleep and exercise: some soccer. Sleep ok.
Mood: decent
