Tuesday, May 6, 2008

Gettting long DBA


Though you cannot rule out a move down to test the 200day moving average I am willing to test the water at this level. I am getting long 2 units of DBA at $ 36.30 with a stop just below the recent lows of $35.24

I will have some more charts later today.

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 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 2 units Powershares DB Agriculture ticker DBA @ $36.35 stop at $35.24
Short 2 units Daimler AG ticker DAI @ $86.20 stops at $82.48/$81.38
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
Short 1 unit Research in Motion ticker RIMM @ $134.10 stop at $139.34
Short 1 unit Goldman Sachs ticker GS @ $199.00 stop at $209.14

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