Wednesday, July 29, 2009

Punting SRS Long

Many will want to ignore this post as I am getting long, yet again, 1 unit of the Ultrashort Real Estate ticker SRS yet again here at $16.51 with a stop at $15.78.

I will be posting a chart on the Dow Jones Real Estate index, ticker ($DJUSRE) along with the i-shares real estate (IYR).

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
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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