Monday, August 18, 2008

Shorting more Fedex - FDX



Fedex has penetrated the $86 level and as I have outlined previously, I have added a 3rd unit short of Fedex ticker FDX at $85.95 leaving me with 3 units shorts. Please don't lose sight of the much larger head and shoulders pattern developing on FDX (chart above).


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 3 units FedEx ticker FDX @ $87.10 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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