Monday, August 4, 2008

Getting Long XTO, ATPG and CHK.

Some may call me crazy but given the current environment for energy and energy shares, I am going to stick my toe in the water today. I am now long the following 3 positions;

I am long 1 unit of XTO Energy ticker XTO at $43.75 stop at $39.62
I am long 1 unit of ATP Oil and Gas ticker ATPG at $27.00 stop at $25.76
I am long 1 unit of Chesapeake Energy ticker CHK at $45.40 stop at $43.79


Good speculating to you all and never ever forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 6 units Currencyshare Japanese Yen ticker FXY @ $88.55 stop at $91.40
Long 4 units Currencyshares Swiss Franc ticker FXF @ $97.70 stop at $93.82
Long 1 unit Ultrashort Dow ticker DXD@ $50.12 stop at $58.62
Long 1 unit Ultrashort QQQ ticker QID @ $37.05 stop at $42.87
Long 2 units Hecla Mining ticker HL @ $8.50 stop at $8.09
Long 1 unit of Powershares Agriculture ticker DBA @ $34.50 stop $32.79
Long 2 units Ultrashort 20yr Treasury ticker TBT @ $67.85 stop at $68.32
Long 1 unit of XTO Energy ticker XTO @ $43.85 stop at $39.62
Long 1 unit of ATP Oil & Gas ticker ATPG @ $27.10 stop at $25.76
Long 1 unit of Chesapeake Energy ticker CHK @ $45.50 stop at $43.79
Short 1 unit Int'l Bus Machines ticker IBM @ $129.05 stop at $131.54
Short 1 unit Morgan Stanley ticker MS @ $40.35 stop at $43.43
Short 2 units of Visa ticker V @ $71.30 stop at $75.16

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