Thursday, April 17, 2008

Getting Long the Swiss Franc, Allis Chalmers, & Frontier Oil


This heavy oil refiner located out west is an old friend I have missed. A substantial washout looks complete. This looks like a low risk entry point at this time.

I am getting long 1 unit of Frontier ticker FTO at $27.80 with a stop at $24.64


I know I wanted to get long thru 100.75 and 101 but I am very comfortable buying this low volume pullback to the lower boundary of the mentioned pennant. This may be the hook and I may be the sucker but I am comfortable. Could it be the Swiss Franc engenders confidence!



I am getting long 1 unit of the Currencyshares Swiss Franc ticker FXF at $99.55 with a stop at $97.94





I was also filled on 1 unit long of Allis-Chalmers ticker ALY at $14.35 with a stop at $12.64










Good Speculating to you all.

Open Positions:

Long 6 units Currencyshares Japanese Yen ticker FXY @ $88.55 stop at $91.40
Long 1 unit Currencyshares Swiss Franc ticker FXF @ $99.65 stop at $97.94
Long 2 units US Gasoline Fund ticker UGA @ $51.25 stop at $51.74
Long 2 units Ultrashort Dow ticker DXD @ $53.75 stop at $51.84
Long 1 unit Ultrashort Russell ticker TWM @ $74.80 stop at $73.74
Long 1 unit Ultrashort Nasdaq ticker QID @ $44.65 stop at $43.84
Long 1 unit Ultrashort Financials ticker SKF @$102.20 stop at $104.16
Long 1 unit Ultrashort Real Estate ticker SRS $86.40 stop at $84.84
Long 1 unit Allis-Chalmers ticker ALY @ $14.45 stop at $12.64
Long 1 unit Frontier Oil ticker FTO @ $27.90 stop at $24.64
Short 2 units Daimler AG ticker DAI @ $86.20 stops at $84.20/$82.20
Short 1 unit Lehman ticker LEH @ $41.20 stop at $46.59
Short 1 unit Darden ticker DRI @ $35.05 stop at $37.18

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