Monday, March 23, 2009

Long SRS, Adding to SDS

I am using the rally this morning to get re-involved with real estate on the short side via the Ultrashort Real Estate ticker SRS here at $64.35 with a stop at $58.88

I am also using the inordinate celebratory strength due "the toxic asset plan" this morning in the markets to add to my S&P short with a 2nd unit of the SDS here at $82.30.

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 S&P500 ticker SDS @ $81.15 stop @ $80.36
Long 1 unit Ultashort 20yr Treasury ticker TBT @ $44.25 stop @ $42.17
Long 1 unit Ultrashort Real Estate ticker SRS @ $64.45 stop @ $58.88
Short 1 unit Microsoft ticker MSFT @ $19.20 stop @ $19.20

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