Wednesday, July 22, 2009

Stopped out of SDS.... and long yet again!

I am getting short the S&P yet again via the SDS here at $50.75. The orginal premise for the trade is still intact so I shall stay with it.

Housekeeping notes;

I neglected to post that I was stopped out of my long SRS position yesterday at the open $17.81 for a loss of just over a pt on 1 unit.

Earlier today I put on SDS position to get short the S&P and was stopped out as the SPY violated my stop. I was stopped out of SDS at $50.22 for a loss of just over 3/4 of a pt on 1 unit.

Yes I know I am a nut bar but you can never tell till you place your bet.

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 S&P500 ticker SDS @ $50.85 stop @ SPY $96.31
Short 2 units Wells Fargo ticker WFC @ $25.10 stop @ $26.26/27.41
Short 1 unit Apple ticker AAPL @ $158.15 stop @ $162.11

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