REFLECTION: Course And Heading 04/29/19

AUY Trade #91 continues to disappoint. At this point I'm hoping they are prepping themselves for sale. With a sizable debt reduction upcoming and key assets remaining, if management follows through on their stated commitment to shareholder returns, then maybe I will see an opportunity to return to port for some much needed repairs.

Course And Heading 04/29/19:
Once again, the tide remains high during rip tide season and the forecast remains pleasant. There is one potential storm this week with AUY Trade #91 reporting earnings. Let's hope for some good news as we just endured a recent storm with this stock when they sold one of their key assets.

Therefore, I am continuing the same heading to start the week:
  • No new long positions planned
  • No new short positions planned
  • Hold existing positions (continuing prior established headings) and will possibly sell existing positions if there is a run up. I am getting more cautious as it has now been about 42 days since the last low tide.
Trading Tide Levels:
  • High Tide (S&P hit a high of 2954 last week and the last Low Tide was 2722 on March 8, 2019)
  • Neap Tide (VIX hit a low of 11.03 recently but jumped to 18.80 today)
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