Wednesday, April 30, 2008

Getting Short the S&P via SDS

I am getting long 2 units of ultrahsort S&P ticker SDS. We look to be having an outside reversal today on the underlying spiders SPY

Long 2 units of SDS at $ 57.85 with a stop at $ 55.84



Good Speculating to you all.

Open Positions:
Long 6 units Currencyshares Japanese Yen ticker FXY @ $88.55 stop at $91.40
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
Long 1 unit Ultrahort Real Estate ticker SRS @ $84.15 stop at $77.64
Long 2 units Ultrashort MSCI ticker EFU @ $76.25 stop at $71.72
Long 1 unit Ultrashort Financials ticker @ $99.10 stop at $91.74
Long 2 units Ultrashort S&P500 ticker SDS @ $57.90 stop at $55.84
Short 2 units Daimler AG ticker DAI @ $86.20 stops at $82.48/$81.38
Short 2 units Darden ticker DRI @ $34.55 stop at $37.18
Short 1 unit Brinker Int'al ticker EAT @ $21.25 stop at $24.14
Short 1 unit Retail Holders ticker RTH @ $97.95 stop at $100.44

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