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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This is for informational purposes only and the information provided does not encompass all possible or probable outcomes and nothing posted here is an indication of future results. Nothing in this blog is a guarantee or promise of future investment returns and investing in stocks or bonds carries risks including losing your entire investment. I do not recommend, advocate or endorse any third-party links, resources or advertisements of any kind. Any investment decisions are recommended to be in conjunction with a Certified Financial Planner, a comprehensive and personal financial plan and all other components that make up your own financial situation.

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