Friday, March 27, 2009

Long EEV and FXP

Given the healthy rally across all global markets, relief rally?, I am inclined to test the waters short once again.

I am getting long 1 unit of the Ultrashrort MSCI Emerging Markets ticker EEV here at $38.65 with a stop at $36.18

I am getting long 1 unit of the Ultrashort FTSE/Xinhua China 25 ticker FXP here at $25.05 with a stop at $23.38

Charts are coming shortly but think island reversal.

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 Ultashort 20yr Treasury ticker TBT @ $44.25 stop @ $43.74
Long 2 units Ultrashort Real Estate ticker SRS @ $49.85 stop @ $49.78
Long 1 unit Ultrashort Emerging Mkts ticker EEV @ $38.75 stop @ $36.18
Long 1 unit Ultrashort China 25 ticker FXP @ $25.15 stop @ $23.38
Short 1 unit Microsoft ticker MSFT @ $19.20 stop @ $19.20

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