Covered OSK, Bought NRP and NM
I covered my OSK at $38.75 from $36.41 for a mutilating 6% loss. It’s remarkable that an auto supplier can do so well, despite having so much shit on their books. If there was a short I felt safe with, it was this one. Thank God I only used it as a hedge. If I had the mindset to try and make money off of that, it could have killed me.
In the meantime, I’ve gathered more shares of NRP, increasing my stake by a nice chunk. Those are handsomely rewarding me, as I write, running past $24 a share. The best thing about that stock is the spread between its dividend yield and my marginal interest. It essentially services itself; an important distinguishing feature, in the world of today.
I just purchased NM at $6.20; literally, I had to go back and add this line.
FUQI seems to be sprinting here. I purchased some of that a week or two ago.
At the moment, I have a compelling interest to wash PNY off my books, north of $26, and will be doing so at the first available moment. That was a good trade, but it has since dwindled, and I don’t care to stash those shares in my long term reserve.
Have you seen GKK lately? I have. I’ll be grateful I stashed those away, before the end. Wait and see.
In closing, I’m holding GKK, LPHI, MGM, MO, NM, NRP, PNY, RMCF, and FUQI. I’m still short PAY. I desire to add some water services and utilities stocks, as well as to regain a position with an oilfield service company that offers a larger dividend, provided this run down in oil holds and drags a few under with it.
Well noted -
Yo, I found something about floating oil storage today. Things we were talking about a few months ago. Some numbers for quantification.
http://www.businessinsider.com/goldman-strong-us-manufacturing-data-plus-nigerian-violence-means-oil-will-rally-2010-2?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29