saturday
stocks held, and open positions that I currently have are the same as previous -
long - FET, IAG. GXY, MML, shorts - retailers - MYR, HVN, MTS, SUL.
not a great deal to add to this except that with the upward movement of the markets - my shorts on the retailers are now about even, and my longs are up even further.......
it looks like the rise in price of FET is going to be a permanent one, not a spike (which I can understand as it is now trading at a pe of 6.7) so I will now try to buy back the 25% (that I had sold off) at best price to be eligible for the next quarterly dividend... the yield is now lower since the price has risen so much, but at 6.4% p/a, that's still ok....... FET has become more of a growth stock now, based on the continued rise of residential real estate prices, particularly on the east coast......
so there are some positives about going long......... yup, I am trying to make a point here......
the markets are still hanging on the Ukraine and the games russia is playing with the most recently reported border incursion.....
my guess here is that it may continue on for a few months more like this with the Russians just teasing more than anything else...
they don't appear to look like they are going to blunder in......
