Thursday, October 9, 2008

Getting Short the Long Bond

We have the Dow down as 300 as I write this yet the long bond, ticker TLT is ignoring this. 2 weeks ago treasury bond, which really means safety, prices would have spiked yet they are not. Based on this I am getting short the long bond via the Ultrashort 20yr ticker TBT here at $60.00

I will have some stops posted later on along with some charts.


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


Open Positions:
Long 2 units of Ultrashort S&P ticker SDS @ 61.75 stops at $81.89/$76.91
Long 2 units of Ultrashort Dow ticker DXD @ $57.85 stop at $72.69/$67.89
Short 1 unit Int'l Bus Machines ticker IBM @ $129.05 stop at $104.89
Short 2 units of Apple ticker AAPL @ $178.05 stop at $102.21/$107.31
Short 2 units Salesforce.com ticker CRM @ $56.05 stop at $38.71/$42.12

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