Tuesday, January 13, 2009

Shorting more Apollo Group - APOL

Apollo Group, ticker APOL, took out $85.50 and as per my prior post this morning I shorted a 2nd unit at $85.35 and will sit tight watching $84.50 (Friday's lows) as the next trigger.

Housekeeping notes;

I am raising my stops to break even on all my Ultrashort positions. Why let a winner become a loser?

I am also lowering my stop on Darden, ticker DRI to to 28.70, basically breakeven less a point.

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 Financials ticker SKF @ $102.60 stop @ $102.60
Long 1 unit Ultrashort S&P500 ticker SDS @ $66.15 stop @ $66.15
Long 2 units Ultrashort Real Estate ticker SRS @ $55.23 stops @ $54.75/$55.670
Short 1 unit Darden ticker DRI @ $27.70 stop @ $28.70
Short 2 units Apollo Group ticker APOL @ $85.90 stop @ $88.61

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