Monday, August 18, 2008

Getting Longer Powershares Agriculture - DBA

I know many hate to chase things but we have taken out the rally high from last week at $35.96. I am adding a 2nd unit long here at $36.05 I am now watching the $37 area as this is the next obstacle for DBA to overcome.



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 2 units of Powershare Agriculture ticker DBA @ $35.35 stop $32.79
Long 2 units of XTO Energy ticker XTO @ $45.40 stop at $42.28
Long 1 unit Currencyshare SwissFranc ticker FXF @ $92.70 stop at $89.27
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 Blackrock ticker BLK @ $218.50 stop at $226.18

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