Monday, February 2, 2009

Getting Long Gasoline via UGA


I went long crude last week via the ultra crude proshares ticker UCO. I have been watching the distillates as well which is one must do to get a proper sense of the energy complex. Besides it makes me sound sophisticated when I say stuff like this !!

What caught my eye was the chart on U.S. gasoline ETF. ticker UGA (chart above). I am getting long 1 unit of the US Gasoline fund ticker UGA here at $21.75 with a stop at $19.58.


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
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 1 unit Darden ticker DRI @ $27.70 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 of Apollo ticker APOL @ $83.40 stop @ $86.31
Short 2 units Morgan Stanley ticker MS @ $21.30 stop @ $23.82

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