Thursday, September 3, 2009

Long Weekend

I am commencing the long holiday weekend a little early. I want to take this opportunity to wish all my readers a safe and enjoyable weekend.


I was stopped out of my ARO position earlier at $40.91 for basically a flat trade. I realize I lowered my stop in a defensive move only to get flushed out.

I am prepared to re-enter the trade shorting 1 unit of ARO here at $40.75 with a stop at $42.06 which is just above the recent high.

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 FTSE/Xinhua 25 ticker FXP @ $10.58 stops @ $10.14/$10.54
Long 1 unit Ultrashort Real Estate ticker SRS @ $11.93 stop @ $11.93
Short 1 unit JP Morgan ticker JPM @ $43.66 stop @ $43.66
Short 1 unit Abercrombie ticker ANF @ $33.23 stop @ $33.33
Short 1 unit Amazon ticker AMZN @ $79.86 stop @ $81.11
Short 1 unit 3M Company ticker MMM @70.95 stop @ $73.93
Short 1 unit 3M Company ticker MMM @70.95 stop @ $73.93
Short 1 unit Aeropostale ticker ARO @ $40.65 stop @ $42.06




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