Thursday I decided to increase my long positions substantially, adding a number of new holdings to the portfolio. With regards to particular sectors, I decided to inch into the steel sector, as well as get moderately long of a few natural gas producers. Additionally, I increased the size of my positions in junior gold producers. The other stocks I added were pretty much all specific to the company, with no real sector theme. Finally, I decided to divest my holding in (BEAS), because I thought there were better opportunities for my money. Here are my trades:
(NYSE:CHK)–I bought a small position at $36.23.
(XTO)–I bought a small position at $49.20.
(NYSE:PKX)–I added a small position at $132.62.
(HIRE)–I added a small position at $8.80.
(NASDAQ:HRBN)–I added a small position at $19.63
(NASDAQ:NUAN)–I added a modest position at $15.33.
(NYSEMKT:VGZ)–I doubled the position at $4.37.
(NYSEMKT:RIC)–I increased the position by 50% at $3.10
BEAS–I sold the position at $18.45.
I am now substantially long, although I have the capacity to add a position or two in financials if an entry point appears.