Wednesday, May 7, 2008

Shorting DRI.. again.

I don't want to lose sight of this one. We are rallying right into a resistance zone as volume noticeably wanes. I am getting short 1 unit here of Darden at $37.35 with a stop at $40.27


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 2 units Retail Holders ticker RTH @ $97.20 stop at $98.56
Short 2 units Research in Motion ticker RIMM @ $133.10 stop at $135.72
Short 2 units Goldman Sachs ticker GS @ $197.95 stop at $204.14
Short 1 unit Darden ticker DRI @ $37.30 stop at $40.27

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