Wednesday, July 22, 2009

Long US Gold

As an aside and for what its worth the CEO just bought 4 milion shares of UXG at $2 recently. I will still rely on the technical pattern as it factors all in.

So based on the charts I am getting long 1 unit of US Gold ticker UXG, this morning here at $2.95. The CEO buying will count for a warm fuzzy feeling.

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 Ultrashort Real Estate ticker SRS @ $18.85 stop @ $17.84
Long 1 unit US Gold ticker UXG @ $3.05 stop @ $2.28
Short 2 units Wells Fargo ticker WFC @ $25.10 stop @ $26.26/27.41

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