Wednesday, January 28, 2009

Getting Long SRS, Adding to SDS

I want you to realize that I am aware I was stopped out of my long SRS position this morning and that this is not a "take that" trade.

That said, I am getting long 1 unit of the Ultrashort real estate, ticker SRS here at $51.20 with a stop at $47.18

I am also going to use todays strength to add a 2nd unit long of the Ultrashort S&P 500 ticker SDS here at $73.30.

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 $89.80
Long 2 units Ultrashort S&P500 ticker SDS @ $69.80 stop @ $66.15
Long 1 unit Ultrashort Real Estate ticker SRS @ $51.30 stop @ $47.18
Short 1 unit Darden ticker DRI @ $27.70 stop @ $28.70
Short 1 unit of Wells Fargo ticker WFC @ $20.20 stop @ $22.43
Short 1 unit of JP Morgan ticker JPM @ $27.35 stop @ $29.54

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