Long Some FXP

I am back from a wonderful long weekend enjoying the beauty that is northern Michigan, Petoskey, Charlevoix and Harbor Springs to be exact.

Much thanks to our wonderful hosts who besides being great friends, treat us like royalty. thank you again guys !!

I am now back at my post with a rested, relaxed with a clear head. Last week I was unceremoniously stopped out of my short China trade.

I thought about that trade over the weekend and the more I thought the more I needed to be in the trade. So once again I am back to the trough for another helping, visit number 3 to be exact.

I am getting long one unit of the Ultrashort FTSE Xinhua China 25, ticker FXP here at $12.60


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 2 units Ultrashort Real Estate ticker SRS @ $18.85 stop @ $17.84/18.94
Long 2 units Ultrashort S&P500 ticker SDS @ $54.75 stop @ $52.38/53.38
Long 1 unit Financial Bear 3x ticker FAZ @ $4.36 stop @ $4.46
Long 1 unit FTSE Xinhua China ticker FXP @ $12.70 stop @ $11.44
Short 2 units Wells Fargo ticker WFC @ $25.10 stop @ $26.26/27.41
Short 1 unit Autozone ticker AZO @ $157.95 stop @ $158.11
Short 1 unit Blackrock ticker BLK @ $177.15 stop @ $178.51