Thursday, January 29, 2009

Shorting More Apollo - APOL


In my haste to get out the last chart APOL I neglected to indicate the head and shoulders on the chart. The chart (above) outlines some of my thoughts on it. Based on this and some of the intraday charts I am adding a 2nd unit short to APOL here at $83.10 and I am lowering my stop to $86.31


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 2 units of Apollo ticker APOL @ $83.40 stop @ $86.31

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