Wednesday, August 12, 2009

Getting Long EEV

As indicating in my notes yesterday I am using the weakness on the Ultrashort MSCI Emerging Markets ticker EEV to get long 1 unit as it pulls back to yesterdays breakout area of $16.50.

I am long 1 unit of EEV here at $16.55 with a stop at $15.88



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 @ $2.68
Long 1 unit Ultrashort FTSE/Xinhua China 25 ticker FXP @ $10.15 stop @ $8.89
Long 1 unit Ultrashort MSCI Emerg Mkt ticker EEV @ $16.65 stop @ $15.88
Short 1 unit Abercrombie & Fitch ticker ANF @ $31.40 stop @ $33.11
Short 1 unit Spiders ticker SPY @ 100.45 stop @ $102.23

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