Thursday, January 29, 2009

Shorting Apollo Once Again - APOL

I want to bring your attention back to Apollo Group, ticker APOL (chart above). Please remember that channel it has formed on the 10 yr chart which I have posted previously. APOL broke above the upper boundary, danced around and then broke back below. The last few days rally has seen APOL attempt to rally up into this boundary from underneath. (does any of this make sense?)

I am using this raly to get short 1 unit of APOL here at $ 83.95 with a stop at $88.11

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
Short 1 unit of Apollo ticker APOL @ $83.85 stop @ $88.11

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