I added to my NOK position today (January 18th), at $5.649 per share. NOK looks strong and I’m hoping to come along for the ride with a larger position than I started with. This purchase puts my average per share cost at $5.475 per share.
I gave up on FAZ today (January 18th), selling my whole position at 31.07 per share (bought at 34.19). Including commissions, this was good for a loss of 12.63%.
Since the day I bought it, FAZ has been telling me I was wrong — the opposite of what NOK has been telling me. So I sold FAZ and put the money into more NOK.
I bought 15 units* of SLV — iShares Silver Trust (ETF) at 29.02 per share. I want to be long silver and gold this year, and this is my first step in that direction.
*Units: Units are not equal to number of shares. I won’t be disclosing real dollar amounts or number of shares. I’ve chosen a random number to represent 1 unit and I’ll record all of my transactions converted to this measure and rounded to the nearest whole number. This will allow me to share position weighting without disclosing specifics.
I bought 12 units* of NOK — Nokia Corporation (ADR) at $5.30 per share. I’m taking a shot at Windows phones becoming at least modestly popular at some point and/or a possible Nokia takeover (probably by Microsoft).
*Units: Units are not equal to number of shares. I won’t be disclosing real dollar amounts or number of shares. I’ve chosen a random number to represent 1 unit and I’ll record all of my transactions converted to this measure and rounded to the nearest whole number. This will allow me to share position weighting without disclosing specifics.
I bought 15 units of ERX — Direxion Daily Energy Bull 3X Shs(ETF) at 48.74 per share. One of my themes for the year is to be long energy, and especially oil. The United States is eager to go to war with Iran, which will obviously cause oil to run up significantly. Even without war, we currently have the US pressuring other countries to ban Iran’s oil as well. And, as always, there should be enough fear and uncertainty throughout the year to push prices higher at some point.
*Units: Units are not equal to number of shares. I won’t be disclosing real dollar amounts or number of shares. I’ve chosen a random number to represent 1 unit and I’ll record all of my transactions converted to this measure and rounded to the nearest whole number. This will allow me to share position weighting without disclosing specifics.
