Monday, March 9, 2009

Punting Long 2nd unit of Crude.

As per my notes on Friday it was my intention to get long a second unit of UCO on a move up thru $8.25. This morning UCO has done this and I was filled on a 2nd unit long of UCO at $8.30 which now gives me 2 units at a cost of $8.05. Now lets see this close above here and I will be a much happier camper.

I will leave my stop alone for now.

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 at $123.28
Long 2 units Ultrashort S&P500 ticker SDS @ $69.80 stop @ $93.42/100.22
Long 2 units Ultrashort Real Estate ticker SRS @ $53.80 stop @ $75.42/92.87
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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