WAIT AND SEE

SCSS

The market is really not behavioring here, despite strong earnings across the board. I guess it probably will also apply to SCSS as well. There are a lot of anticipation of a strong earning report, and more importantly, strong guidance, that support this stock in the last few days. I am not as confident though. The stock is not cheap here, and can only be supported by a strong guidance. Anything short of it will send it downward. A so-so guidance will not do. Given that, my inclination is to take profit in front of earnings and wait and see. Sold SCSS at 41.7 for approximately 12.9% since late March, not too bad. (SCSS resuts out and they were good).

I found the market is extremely difficult for longs, and my confidence is a bit of shaken. The strong earning thesis has not fully panned out and we have seem some weaknesses, other than commodities. The market continues to focus on the FED and high commodity prices do not help. Strong C$ also gives me quite a headache. I have raised about 10-15% cash recently and would like to be less aggressive now. Once thing is for certain, I got to be more aggressive in taking profits and cutting losses.

ALDA

Similar to SCSS, I would like to trim a bit of ALDA in front of tomorrow's earnings, unfortunately, the market does not provide me with any opportunities. I have to wait to tomorrow.