After covering KOL this morning for $46.93, I’m up almost fifty points today, thanks to NRP rallying five and a half percent. Having TLP rebound also helped, and AWK is being every bit the stable position I had hoped it would be.

So maybe I’ll weather this better than I thought I would. I’m still not going to sell anything, however, because I’m in a good position to double my holdings if we go down far enough. I’m banking on a global recovery in the next five years, and probably sooner at that.

We go down for now, but don’t lose sight of the big picture.

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Watch closely here as the potential is in the works to have the price of oil per barrel slide below $90, as gasoline goes through the fucking roof.

Libya is falling back into Qaddafi’s hands, evil will win, and meanwhile a country got taken offline last week.

Japan is going to drive the cost of fuel up, as they desperately need it.

There are a lot of major cross currents going on here. I think the market pulls back, simply because it needs to. Also, if Japan starts selling treasuries, which seems to be the hot topic right now, then money will shift over when the yield gets big enough. For the market, that either means we trade sideways, or sell off.

I’m not even going to waste my time giving specific trading ideas. Personally, I’m all long with a margined hedge of KOL tempering it down a little (that may have to get thrown off quickly). Mostly, I’m light on the balls of my feet.

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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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