The Week In Review

I’ve been somewhat remiss about trading over the last week; this stems from both the activities (joyous, as they are) of a full time job, as well as agreeing to take on new responsibilities on the website.

On Monday, the Fly contacted me by his usual method of telepathy, aided only mildly by e-mail. His goal was, as you’ve probably surmised by now, to create iBankCoin into an additional functionality; a news source.

We are going to aggressively take the market share of lesser, third tier blogs, the way any superior group does; through unrepentant force.

Going forward, I and others will be penning editorials and reporting on or linking to news stories, in a transformation that will make iBankCoin increasingly more influential.

During this transcendence, I personally didn’t write as many financial titles as I would normally. Also, I was “busy as shit” at work. I hope this didn’t discombobulate any of you as I was using my time to talk about unions and world events and not stocks.

However, I did make trades this week, some of which you may have missed if you don’t read the comments of my posts. I’ve decided to recap here, as I get out ahead of my workload this weekend.

• At the start of the week, I shorted AIV for $23.79.
• On Wednesday, I shorted KOL for $45.75.
• On Wednesday, I bought the monstrous sell off in TLP for $36.39.
• On Friday I added to AEC for $15.48.
• On Friday, I covered my short in AIV for $24.52, a big gay loss.

To give you a fell for where my heads at; I think we keep melting down here. I’m holding short KOL, as coal (oils alternative) is probably the second best counter bet against economic activity at this point. Also, it directly hedges my position in NRP.

I have no clue what’s up with TLP. Their revenues are way up, but that didn’t stop them from hitting a $.20 some-odd loss per unit. I like the company, though, from what they’ve seen, so before understanding why that happened, I was willing to take a leap of faith. I also said earlier that I thought they might be a little over valued. A 7% correction could be healthy, in my mind.

Finally, my covering AIV is important, and I want to you understand it. I lost out on a lot of profits in APC betting against the market, in the short term. That won’t be happening with my REIT thesis. I am 100% committed to the multi-family apartment industry, and have done my research on CLP and AEC.

There will be no hedging those names.

I am long, wearing no armor, and will take all volleys to the chest.

Marginally speaking, I am at 20%, with about half of that being short KOL, as a hedge. If we continue to break down, I’ll throw on more hedges up until I neutralize my positions in MGM, TLP, NRP, and BG. I’m not going to cover up silver, AEC, CLP, or AWK.

Silver should do well. AWK is a utility and should only lose so much before it gets support buying from the “let’s play it safe” crowd. And I already talked about AEC and CLP; they have my full confidence.

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