FRUSTRATING DAY

DUMP IQW @27.75
I finally dumped all IQW. It probably an emotional action, and hence an inappropriate one, but I simply can’t handle it anymore. The company has done nothing other than disappointing quarter after quarter, in good times and in bad times. (As far as the management concerned, it’s all bad time). It’s a bad company in a difficult and decline industry with very poor management and a terrible record. Targets consistently missed, earnings persistently lowered, and price continuously cut, and hopes, one more time dashed. What’s the point to hold this loser and dead money? It was a bad stock to begin with, and a mistake to hold for so long.


ATY
This is a terribly frustrating day for me. I have correctly anticipated the market rally, but it appears the vehicle I select may not be very effective (not enough beta, to be fair, the choice is very limited up here). It is up only slightly. One reason may be the TSE is actually down, weighted by the energy and material sectors.


ADD PKZ @42.80
The weakness in the energy sector leads to another interesting question: does this represent an opportunity to add a little? PKZ reports tomorrow morning and earnings should be very good. I decide to add a little for a trade. Remember this is a trade and should the share move up, I have to either let it go or STOP-LOSS, because I have more than sufficient exposure in this sector. If it does not move, I will certainly sell this in order to limit the exposure to energy sector. Again do not turn a trade into a long term position, even though I do like the sector and the stock.

AGA
Covering AGA turned out to be a correct one as it has a monster quarter, earned $3.0 this quarter. It will make at least $6.0 this FY, and that makes it very cheap at $21.5. The question is where will it go from here? Steel down, US dollar down, scrap up and auto sales questionable. That's four factors against AGA. I am not in the position to short, nor interested in long. It was a trade.