Wednesday, July 29, 2009

Long SDS


I am punting the the S&P 500 short once again via getting long the ultrashort S&P, ticker SDS. I am getting ling 1 unit of SDS here at $48.96 with a stop just below the recent lows.



Good speculating and remind them to please don't ever forget that "an investor is a speculator who made a mistake and will not admit it".


Open Positions:
Long 1 unit US Gold ticker UXG @ $3.05 stop @ $2.28
Long 1 unit Ultrashort RE ticker SRS @ $16.61 stop $15.78
Long 1 unit Ultrashort S&P500 ticker SDS @ $49.06 stop @ $47.48
Short 2 units Wells Fargo ticker WFC @ $25.10 stop @ $26.26/27.41
Short 2 units Apple ticker AAPL @ $158.01 stop @ $162.11
Short 1 unit JP Morgan ticker JPM @ $37.99 stop @ $39.61

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