Monday, September 14, 2009

Short the Loonie



My earlier post outlined my thoughts on the U.S. dollar. I am now bullish on it. To position myself for this trade I wish to get short the loonie. I shall accomplish this via the currencyshares Cdn dollar, ticker FXC (weekly chart above) here at $92.05 with a stop at $94.03


Good speculating and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".


Open Positions:
Short 1 unit JP Morgan ticker JPM @ $43.66 stop @ $43.66
Short 1 unit Abercrombie ticker ANF @ $33.23 stop @ $33.33
Short 1 unit Currencyshares C$ ticker FXC @ $91.95 stop @ $94.03


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