If you don’t feel like reading much today, I totally, completely understand. Believe me, after this last week, on a lazy Friday afternoon, I have no intention of putting much effort into this.
This week was rather excellent for me, as having taken an (at the time) exception to crude oil and opposition to those who trade it, I was short in size ERX and UCO. I closed the ERX short for 26% profits, and as of right now cling to gains in my UCO short of just under 10%.
In my long portfolio, losses were generally checked by this stance, and at the worst of it all, I found myself down 10% for a few hours to do obscene selling across the market, which even my stable utility AWK could not evade.
After applying ample cash on many smaller, several-percent purchases, my holdings, in terms of raw stock volumes, have never been greater and, thanks to rebounds across my longs, especially noteworthy in CLP, and with nod to AEC, has put me a mere few percent below where I was at all of two weeks ago.
As such, should stocks recover to where they were at only two weeks ago before the end of the year, I will most definitely find myself once again making new, all time highs.
However, as of the moment, my portfolio is red, and oil prices are dicking around with me. This makes me question whether or not we sell off into the close of the day, as my portfolio, consisting of what it is, should not be selling off…well, ever, ha ha.
My UCO short stays on. My cost average is just a little below $37, thanks to adding recently for hedging purposes. I would like to make profits on the trade (I would like to make profits on all trades), but if I have to sell out at break even prices, in exchange for a little extended safety, then so be it.
Now, I am taking an early weekend, to visit loved ones. This week was draining; I doubt any of you would disagree. Take some time off and enjoy the finer things in life, like cigars and family.
Sincerely,
Cain Hammond Thaler
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Have a good one C.Thaler
Excellent navigation skills. I loved getting some more AWK this week.
Thanks Raule.
AWK is a keeper, they are moving for the kill.
Thanks for all the posts
You are welcome.