Wednesday, December 31, 2008

McDonalds Chart

Yes dear readers McDonald's. The above chart shows a monthly view of this popular household name. Many fund managing zombies have no idea as to what to buy and this is a name they can show on their books with confidence. They know McDonald's is just as vulnerable to a bad economy as any other but they have to own something to justify their existence. Cash is not an option for these boyz.

I am getting short 1 unit here of McDonald's ticker MCD at $61.85 with a stop $64.22. I am also looking to add to that position on a move below $59.75

Housekeeping notes;

I am bumping my stops up on my 3 untrashort positions to break even less a pt. just to be defensive.

SRS stop now at $53.10
SKF stop now at $102.20
SDS stop now at $69.40

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 Ultrashort Real Estate ticker SRS @ $54.10 stop @ $53.10
Long 1 unit Ultrashort Financials ticker SKF @ $103.20 stop @ $102.20
Long 1 unit Ultrashort S&P500 ticker SDS @ $70.40 stop @ $69.40
Short 1 unit Darden ticker DRI @ $27.70 stop @ $30.12
Short 1 unit Amazon ticker AMZN @ $49.10 stop @ $52.31
Short 1 unit of McDonald's ticker MCD @ $61.75 stop @ $64.22

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