Friday, March 13, 2009

Getting Long SKF and SRS Again

I am using the inordinate strength in financials and shares in general to get short the financials once again via the Proshares Ultrashort Financials ticker SKF. I am getting long 1 unit of SKF here at $137.25 with a stop at $132.33

I am also venturing back into the Ultrashort Real Estate ticker SRS here at $62.65 with a stop at $58.68


Housekeeping notes;

Yesterday, I was stopped out of my short GOOG position at $324.70 for a loss of just shy of 8pts on 1 unit.

I was also stopped out of my long SDS position at $93.40 for a gain of about $23.5 pts on 1 unit.


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 1 unit Ultrashort MSCI EAFE ticker EFU @ $89.80 stop @ $123.28
Long 1 unit Ultrashort Financials ticker SKF @ $137.35 stop @ $132.33
Long 1 unit Ultrashort Real Estate ticker SRS @ $62.75 stop @ $58.68
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 2 units Ultra DJ Crude ticker UCO @ $8.05 stop @ $6.78

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