Thursday, June 19, 2008

Getting Short IBM while Neflix -NFLX is on Thin Ice

Neflix is on very thin ice here and should $29.75 give way all hell could break loose. I am adding to my short position on any move below $29.75.


Well, I couldn't help myself. I know I need another position to follow like I need a hole in the head but the head and shoulders formation on IBM is far too compelling. IBM has broken the neckline of $123 and I am short 1 unit at $122.90 with a stop at $127.27

Good speculating to you all.


Open Positions:

Long 6 units Currencyshares Japanese Yen ticker FXY @ $88.55 stop at $91.40
Long 3 units Ultrashort Dow DXD@ $50.12 stops at DIA $130.26/127.34/126.42
Long 2 units Ultrashort Financials SKF @ $103.90 stops at XLF $26.72/25.54
Long 1 unit Currencyshares Swiss Franc ticker FXF @ $96.25 stop at $93.82
Long 3 units Ultrashort ReEstate ticker SRS @ $88.95 stops at IYR $71.14/70.21/68.36
Long 1 unit US Gasoline Fund ticker UGA @ $60.35 stop at $62.54
Long 1 unit Ultrashort QQQ ticker QID @ $37.05 stop at QQQQ $49.56
Long 1 unit Ultrashort S&P ticker SDS @ $57.20 stop at SPY $141.54
Long 1 unit Hecla Mining ticker HL @ $8.30 stop at $7.16
Long 2 units Kinross Gold ticker KGC @ $18.93 stop at $17.56
Long 2 units Clean Energy ticker CLNE @ $13.15 stop at $12.36
Short 1 units Daimler AG ticker DAI @ $86.20 stop at $70.12
Short 2 units Brinker Int'al ticker EAT @ $20.07 stop at $22.44
Short 2 units Darden ticker DRI @ $36.35 stops at $35.36/33.54
Short 2 units Lehman ticker LEH @ $43.70 stop at $28.32
Short 2 units Deutsche Bank ticker DB @ $117.03 stops at $105.26/99.32
Short 1 unit of Visa ticker V @ $86.25 stop at $85.36
Short 1 unit HSBC ticker HBC @ $83.23 stops at $83.52
Short 1 unit of Netflix ticker NFLX @ $31.10 stop at $34.64
Short 1 unit of IBM ticker IBM @ $122.80 stop at $127.27

No comments: