Tuesday, August 12, 2008

Ready to get Longer XTO Energy - XTO

The view on XTO Energy (chart above) is starting to look very constructive. We seem to have found some support down here at the long term trend line. We have made a higher low and while it is still very early, I am insulated on my 1 unit long position at $43.85 so I am now ready to advance by adding a second unit on a move above Thursday of last weeks high at $46.82

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 1 unit of Powershare Agriculture ticker DBA @ $34.50 stop $32.79
Long 1 unit of XTO Energy ticker XTO @ $43.85 stop at $39.62
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 $75.82
Long 1 unit ishares Silver Trust ticker SLV @ $14.60 stop at $13.28
Short 1 unit Int'l Bus Machines ticker IBM @ $129.05 stop at $131.54
Short 1 unit Fedex ticker FDX @ $87.40 stop at $91.18
Short 1 unit of Lehman ticker LEH @ $19.65 stop at $20.76

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