Tuesday, January 6, 2009
Testing the Waters Short
I am testing the short waters once again today via long positions in some ultrashort proshares. See charts above for some comments.
I am getting long 1 unit of the following
Ultrashort MSCI EAFE ticker EFU here at $88.70 with a stop at $84.67
Ultrashort Real Estate ticker SRS here at $53.35 with a stop at $49.46
Ultrashort Financials ticker SKF here at $102.50 with a stop at $99.47
Ultrashort S&P500 ticker SDS here at $66.05 with a stop at $63.77
I was stopped out of MCD at 64.25 for a loss of 2.5 pts on 1 unit short.
Good speculating to you all and never forget that "an investor is a speculator who made a mistake and will not admit it".
Long 1 unit Ultrashort MSCI EAFE ticker EFU @ $88.80 stop at $84.67
Long 1 unit Ultrashort Real Estate ticker SRS @ $53.45 stop @ $49.46
Long 1 unit Ultrashort Financials ticker SKF @ $102.60 stop @ $99.47
Long 1 unit Ultrashort S&P500 ticker SDS @ $66.15 stop @ $63.77
Short 1 unit Darden ticker DRI @ $27.70 stop @ $30.12