Wednesday, October 15, 2008

Quick Note

Away from my desk early in the day but will be back mid afternoon.

Housekeeping notes;

I was stopped out of my short position on IBM yesterday at $97.75 for a gain of just over $31 pts on 1 unit.

I am adjusting my stop on GLD upwards to $82.49, again another defensive measure.

I am also adjusting my stop on FXY as well upwards to $96.72

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 1 unit Spder Gold ticker GLD at $82.70 stop at $82.49
Long 1 unit Japanese Yen ticker FXY at $97.15 stop at 96.72
Long 1 unit of Ultrashort 20yr TBond ticker TBT @ $60.10 stop at $60.19
Long 1 unit of Anglogold ticker AU at $17.90 stop at $17.94
Long 1 unit of Goldfields ticker GFI at $8.60 stop at $7.57
Long 1 unit of Chicago Bridge/Iron ticker CBI @ $11.55 stop at $11.79
Short 1 units Salesforce.com ticker CRM @ $56.05 stop at $42.12

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