Some housekeeping notes;
I am adjusting my stop on LEH down to $17.11 as this position has run very fast very quickly. I realise the boys could easily take me out and then run LEH down to the 5-6 level without me aboard. Such is trading in a world of 20 and 30:1 leverage, and 60:1 if you include government sponsored entities like Fannie and Freddie.
I am also moving my stop down on IBM to the $130.54 level, if for no other reason than to trim my loss threshold.
We are getting a nice rally on DBA today but don't get too excited for we all know what happened to those poor retailing souls who chased the recent pop only to get punished. Lets watch this move on DBA, let it back and fill and test the lows again. This rally high should give us a level to watch going forward with an eye to getting longer.
Regarding XTO Energy I am bumping my stop up to the $42.28 level, again just a defensive loss limiting measure.
I am moving my stop up on GLD to $78.68 and my stop on SLV to $13.64
Good speculating to you all and never ever forget that "an investor is a speculator who made a mistake and will not admit it".
Long 1 unit of Powershare Agriculture ticker DBA @ $34.50 stop $32.79
Long 1 unit of XTO Energy ticker XTO @ $43.85 stop at $42.28
Long 1 unit Currencyshare SwissFranc ticker FXF @ $92.70 stop at $89.27
Long 1 unit SPDR Gold Trust ticker GLD @ $81.55 stop at $78.68
Long 1 unit ishares Silver Trust ticker SLV @ $14.60 stop at $13.64
Long 1 unit Ultrashort 20yr Treasury ticker TBT @ $68.35 stop at $67.29
Short 1 unit Int'l Bus Machines ticker IBM @ $129.05 stop at $130.54
Short 2 units FedEx ticker FDX @ $87.70 stop at $91.18
Short 2 units of Apple ticker AAPL @ $178.05 stop at $182.76
Short 1 unit of Lehman ticker LEH @ $19.65 stop at $17.11