Monday, May 12, 2008

Starting the Week

Housekeeping notes. I was stopped out of RIMM today at $136.75 for just over a 3.5 pt loss on 2 units. They came out with a new product. I wish the longs continued success with this one, just beware it trades north of 12 times gross sales, not earnings, but SALES !
I am moving my stop up on the following

DBA new stop at $36.46
ALY new stop at $16.64
SDS new stop at $56.14
SRS new stop at $84.84
EFU new stop at $74.34
GS new stops 1 unit at $192.14 and 1 unit at $197.68


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 $16.64
Long 2 units Ultrahort Real Estate ticker SRS @ $85.35 stop at $84.84
Long 2 units Ultrashort MSCI ticker EFU @ $76.25 stop at $74.34
Long 2 units Powershares DB Agriculture ticker DBA @ $36.35 stop at $36.46
Long 2 units Ultrashort S&P500 ticker SDS @ $57.05 stop at $56.14
Long 1 unit Ultrashort Russell 2K ticker TWM @ $74.60 stop at $69.92
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 Goldman Sachs ticker GS @ $197.95 stops at $192.14/197.68
Short 1 unit Darden ticker DRI @ $37.30 stop at $40.27
Short 1 unit Lehman ticker LEH @ $43.70 stop at $48.57

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