Thursday, January 8, 2009

Adding to EFU Position

EFU took out the $90 level late yesterday and has re-tested it early this morning. I am comfortable adding to my existing ultrashort MSCI EAFE (ticker EFU) here at $90.70. This now gives me 2 units. I will leave my stop alone for now.

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 Ultrashort MSCI EAFE ticker EFU @ $89.80 stop at $84.67
Long 1 unit Ultrashort Financials ticker SKF @ $102.60 stop @ $99.47
Long 1 unit Ultrashort S&P500 ticker SDS @ $66.15 stop @ $63.77
Short 1 unit Darden ticker DRI @ $27.70 stop @ $30.12

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