It was a great week for the market and a rough week for my portfolio. The market responded in adverse to business news from two of my holdings. GMX Resources is greatly expanding the number of shares outstanding, and the stock price took a hit. This wasn't surprising, but it did wipe out a significant portion of my capital gains year-to-date. Navigant Consulting came out with earnings, which I reported on here, and the market didn't like the results. They seemed pretty good to me, so I'm holding on.
GMX Resources is a long-term holding, so I'm not selling. The same is true for NRG Energy, Navigant Consulting, and True Religion apparel. My short sale of Banco Santander is in the black so far, but I am worried that it just hit solid support. We'll have to see the result on Monday.
The overall market had a very strong week and broke through resistance. Hopefully it will sustain these highs next week.