Friday, February 13, 2009

Getting Short Microsoft - MSFT

Microsoft, ticker MSFT, weekly view (chart above)

Microsoft daily view (chart above)

I am getting short 1 unit of Mircosoft, ticker MSFT, here at $19.30 as we rally into former support which is now resistance per my notes ont the charts above. Yes I know Microsoft is an institutional favourite and they have a wagonload of cash but one must remember the chart knows this and is still ominous looking.

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 US Gasoline fund ticker UGA $21.85 stop @ $20.38
Short 1 unit Wells Fargo ticker WFC @ $20.20 stop @ $20.20
Short 1 unit Apple ticker AAPL @ $102.05 stop at $103.36
Short 1 unit Apollo Group ticker APOL @ $82.95 stop @ $86.32
Short 1 unit Goldman Sachs ticker GS @ 96.95 stop @ $101.61
Short 1 unit Microsoft ticker MSFT @ $19.20 stop @ $20.71

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