Let’s See What Happens

You know, for getting my teeth kicked in this week, my portfolio does not look that bad right now. My losses were almost exclusively centered on the SLV trade, which was both monumental and bipolar. After getting out of that psychotic relationship, I find that the remainder of my positions are really doing just fine.

The REITs are still hoving near their highs, AWK has retraced from $20 but is still obviously running, and the others are holding firm. Even MGM has managed to avoid spiraling into a death knell.

Except for CCJ, but that was a small fry position anyways.

If you missed watching CCJ getting curb stomped, you missed out on a great show. It was rather remarkable, how quickly and visciously it got taken to the corner. I am suprised that the uranium miners are still being so thoroughly priced out of the game. Where does everyone think the nuclear plants are going to go?

Thankfully, I backed off the trade some time ago, taking profits and selling completely out of UEC (it was fortune at its finest, I would have thoroughly regretted not selling). Now, CCJ looks tempting, so maybe after things settle I’ll raise my stake.

Succinctly, what I’m trying to say is that, even though things are looking bleak, my positions were all so beaten down to begin with that I’m comfortable staying with just a small 5-15% cash position. I’ll complete the WNR trade sometime down the road, and sleep soundly at night, even if we should start to spiral into a double dip.