Thursday, August 14, 2008

Shorting Blackrock Inc.- BLK

Wish me luck as I may need it as I am now short 1 unit of Blackrock ticker BLK at $218.60 with a stop at $226.18

As famed trader Jesse Livermore always said, you can never tell unless you bet !


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 $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 Blackrock ticker BLK @ $218.50 stop at $226.18
Short 1 unit of Lehman ticker LEH @ $19.65 stop at $17.11

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