Tuesday, February 3, 2009

Getting Short FPL, Adding to DRI Short

Remember the chart on FPL group yesterday in Charts of Interest.

We are getting a nice rally today which I will use to get short 1 unit here of FPL at $51.70 with a stop at $53.51

I am also adding a 2nd unit short to my Darden position, ticker DRI here at $26.75


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 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
Short 1 unit of FPL Group ticker FPL @ $51.60 stop @ $ 53.51

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