Wednesday, February 4, 2009

Adding More SRS

I am adding a 2nd unit long to my ultrashort real estate ticker SRS here at $56.15

Housekeeping notes;

I was stopped out of my FPL short position this morning at $53.53 for a loss of just about $2 pts.

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 2 units Ultrashort Real Estate ticker SRS @ $53.80 stop @ $47.18
Long 1 unit Ultra Crude ticker UCO @ $10.60 stop @ $9.38
Long 1 unit US Gasoline fund ticker UGA $21.85 stop @ $19.58
Short 2 units Darden ticker DRI @ $27.15 stop @ $28.70
Short 1 unit Wells Fargo ticker WFC @ $20.20 stop @ $22.43
Short 1 unit JP Morgan ticker JPM @ $27.35 stop @ $29.54
Short 2 units Morgan Stanley ticker MS @ $21.30 stop @ $23.82


Vic said...

What is your exit price strategy on these positions? or do you play it by the ear?

Harleydog said...


thx for reading, all my stops are noted in red next to the position. I will leave my intial stop alone until the position is insulate, with the intent to raise said stop as the position moves in my favor.