Thursday, February 26, 2009

Medtronic Inc.- MDT

I was doing some homework poking around some stocks and came across this. Medtronic is a name many are familiar with. I have decided to post a longer term chart, a 20 year monthly (chart above) to be specific. It shows 2 potential scenarios. I am inclined to watch this much closer as it approaches $27.5-28 or takes out $35.50 to the upside.

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 $99.62/114.78
Long 2 units Ultrashort S&P500 ticker SDS @ $69.80 stop @ $69.80/83.28
Long 2 units Ultrashort Real Estate ticker SRS @ $53.80 stop @ $53.80/64.72
Short 1 unit Apple ticker AAPL @ $102.05 stop at $100.11
Short 1 unit Apollo Group ticker APOL @ $82.95 stop @ $82.95
Short 1 unit Microsoft ticker MSFT @ $19.20 stop @ $19.20
Long 1 unit Int'l Coal ticker ICO @ $1.51 stop @ $ 1.47


Michael said...

Shame about DRI. I got stopped out too. Looking to be washing dishes soon.

Great blog.

Harleydog said...


yes agree on DRI. Glad to see you're using stops. Must live to trade another day. congrats on planning your trade and trading your plan.