Monday, March 23, 2009

Stop and Start and Goldman

I was stopped out of my 2 units long of SDS earlier at $80.35 for a loss of 80 cents on 2 units long.

Undaunted I am re-entering this trade of short the S&P by getting long 1 unit of SDS here at $80.15 with a stop at $77.84.

I am also using the inordinate euphoria to get short 1 unit of Goldman Sachs ticker GS into this double top that has formed on on the daily chart.

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 @ $42.17
Long 1 unit Ultrashort Real Estate ticker SRS @ $64.45 stop @ $58.88
Long 1 unit Ultrashort S&P500 ticker SDS @ $80.25 stop @ $77.84
Short 1 unit Goldman Sachs ticker GS @ $106.40 stop @ $108.12
Short 1 unit Microsoft ticker MSFT @ $19.20 stop @ $19.20

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