Wednesday, January 28, 2009

Getting Short JP Morgan and Wells Fargo

I am using the days strength to get short 1 unit each of the following:

Wells Fargo ticker WFC here at $20.20 with a stop at $22.43

JP Morgan ticker JPM here at $27.35 with a stop at $29.54



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 1 unit Ultrashort S&P500 ticker SDS @ $66.15 stop @ $66.15
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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