Despite the fact that a static-flavored perpetual cloud layer has settled into Southeast Michigan; making me feel as if I am living in the cold, grey and overcast dead land of “Mordor”, today has actually been a really good day.
Union Pacific (UNP) , which we hold as a Equity Income piece reported earnings and lept higher to the tune of ~+5%. I think at the moment, intra-day it is trading higher by +2.08%. Folks who have sailed these waters know that I have talked about being long Union Pacific (UNP) before the 2:1 split a few years back. I said it in my StockTwits stream, but I’ll say it again now. No investment or trade is ever a ‘gimme’. But boy, Union Pacific (UNP) is about as close as you can get to a ‘gimme’ trade. Accounting and Valuations 101.
Our non-directional trades are down a bit this afternoon, but up for the month over-all. And still beating other similar processes for the last six months.
With our long/short book, we are still short AMPH. We are still long PGX. We are still long SYNT. AMPH slid through that $16.50 region at the open, like butta. But SYNT is still dinking around. The positions en totum are up something like ~ +0.64% at the time of this writing.