Tuesday, March 17, 2009

Getting Short the S&P500

I am taking this opportunity to get short the S&P 500 via my preferred vehicle the Ultrashort S&P500 proshares ticker SDS here at $89.35 with a stop at $85.38


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 Real Estate ticker SRS @ $62.75 stop @ $58.68
Long 1 unit Ultrashort S&P500 ticker SDS @ $89.45 stop @$85.38
Short 1 unit Apple ticker AAPL @ $102.05 stop at $100.11
Short 1 unit Apollo Group ticker APOL @ $82.95 stop @ $72.54
Short 1 unit Microsoft ticker MSFT @ $19.20 stop @ $19.20

2 comments:

Raj said...

HD,
Any technical reasons for getting short here i.e you see an imminent pullback. I saw your earlier post on volume but there seems to be some downside S&P support over the last few days. Best of luck and always love reading your commentary.
Raj-

Harleydog said...

Raj,

sorry for the delay, was out most of day yesterday. Yes, there was a pattern but it was blown up yesterday.

no worries, as that's why we have stops as you can never underestimate the polyannic delusions of Kudlows minions.

HD.