Monday, February 9, 2009

Shorting AAPL

I am using the extraordinary strength in Apple, ticker AAPL to get short 1 unit here at $102.15 with a stop at $106.36

And before you even say it, yes I realize this is the best of breed, unasailable, Apple is different from all others Apple. Just in case you thought I didn't.

Housekeeping notes;

I am raising my stop on UGA up to $20.38 just to be a little defensive.

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 $10.36

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