Remember that post this morning, China... Truth or Lies? Well, after chewing on it for the bulk of the day I have come to the conclusion it might be lies. At least I am prepared to punt it that way. I shall do so via the Proshares Ultrashort FTSE Xinhua 25 ticker FXP.
Maybe it had something to do with the Chinese industrial profit growth chart or maybe the electricity output/GDP chart. Either way I smell a rat which aligns with what I have been hearing from associates regarding the Chinese banking and financial sector which makes our banks and all their shenaniganian obfuscation (is that a real phrase?) look like Mother Theresa taking collection at the Sistene Chapel.
Based on my view I am getting long 1 unit of the FXP here at $13.20 with a stop at $12.09
Good speculating to you all and please don't ever, ever forget that "an investor is a speculator who made a mistake and will not admit it".
Open Positions:
Long 3 units Ultrashort Real Estate ticker SRS @ $18.85 stop @ $16.28
Long 3 units Ultrashort S&P500 ticker SDS @ $54.75 stops @ $51.38/52.38/53.38
Long 1 unit Financial Bear 3x ticker FAZ @ $4.36 stop @ $3.84
Long 1 unit Ultrashort FTSE Xinhua 25 ticker FXP @ $13.30 stop @ $12.09
Short 2 units Wells Fargo ticker WFC @ $25.10 stop @ $27.41
Short 1 unit Autozone ticker AZO @ $157.95 stop @ $162.61
Short 1 unit Microsoft ticker MSFT @ $23.30 stop @ $24.61
Thursday, June 18, 2009
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