Monday, May 5, 2008

Shorting Goldman and RIMM

This rally has crushed the naysayers and emboldened the bulls. Double top happening? Low risk chance to test the theory. Getting short 1 unit of RIMM here at $134.20 with a stop at $139.34


Here we are rallied right into 'the box'. Gettting short 1 unit here at $199.10 with a stop at $209.14




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
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

4 comments:

m said...

Cool site. When you say unit, are you referring to the front month in options? Which ones do you buy - ITM or OTM? Thanks!

Harleydog said...

thx for your note and the visit.
A unit for me is an adaptation of the Turtles trading algorithm which is based on account size, percentage risk and dollar volatility measures.

credit savvy said...

yes like m said i'm a little confused referring to the front right



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Harleydog said...

I don't trade options. A unit could be 50 shares or 2000 shares. a function of account size, percentage risk and position volatility. this way a trader with 10K can trade like one with 100MM

Hope this helps. you can read turtle trading (Richard Dennis) for help in this regard.